Homework Answers
Answer :- Calculation of the Depreciation Expense of the Equipment for the year ended December 31, 2021 :-
Depreciable Value = $404,000 - $17,000 = $387,000
Sum of the remaining life = (8+7+6+5+4+3+2+1)
Sum of the remaining life = 36
Depreciation expense for 2021 = $387,000*1/36 = $10,750
So the correct answer is option C. ( $10,750)
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