Homework Answers
Ans is
$8,400
Working:-
| Cost of factory equipment | 128000 |
| Salvage value | 16000 |
| Cost less salvage value | 112000 |
| Useful life | 10 year |
| SLM Dep for full year | 112000/10 |
| 11200 | |
| Machinery used for 9 months ( 1 Apr to 31 Dec) | 11200*9/12 |
| 8400 | |
| Therefore, depreciation = $8400 |
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please help with these accouting questions!
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2022 and 2023, assuming a December 31 year-end. (Round
answers to 2 decimal places, e.g. 5,275.25.)
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