Homework Answers
Answer:
| The Revised annual depreciation | $7,425 |
Calculations:
| Cost of the equipment | $51,700 |
| Accumulated depreciation | ($19,800) |
| Book value at Jan 1,2017 | $31,900 |
| Salvage value | ($2,200) |
| Depreciable value | $29,700 |
| ÷ Remaining useful life | 4 years |
| = Revised annual depreciation | $7,425 |
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method. Depreciation expense $ LINK TO TEXT Compute 2017
depreciation expense using the straight-line method assuming the
machinery was purchased on September 1, 2017. Depreciation expense
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Work
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of 8 years. Compute 2017 depreciation expense using the
sum-of-the-years'-digits method. Depreciation expense $ LINK TO
TEXT Compute 2017 depreciation expense using the
sum-of-the-years'-digits method, assuming the machinery was
purchased on April 1, 2017. (Round answer to 0 decimal places, e.g.
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