on October 1 Amy inc purchased equipment for 40000 and estimates monthly depreciation of $500. What...
Homework Answers
e) 38,500
Number of months covered as on dec 31= 3 months
Total depreciation for 3 months= 3*500= $1,500
Bookvalue as on Dec 31= 40,000 - 1,500
= 38,500
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October 1 Amy inc purchased equipment for 40000 and estimates
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