Please solve Requirement 1 & 2
thank you!
Homework Answers
1)
Accumulated depreciation
= (420000-60000/6)*2+((420000-60000)/6)*3/12
= 120000+15000
=135000
Book value as of March 31,2021
= 420000-135000
= $285000
2)
Equipment reported as on December 31,2021
= 420000-((420000-60000)/6*3)
= 240000.
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Please solve Requirement 1 & 2
thank you!
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