Depreciation expense for Machine for Each Year = (31,000 - 8,000)/10 = 2,300
Depreciation expense for furniture Year 1 = 23,000 x 66.67% = 15,333
Depreciation Expense for Furniture Year 2 = (23,000 -15,333) x 66.67% = 5,111
Depreciation Expense for Furniture Year = (23,000 - 15,333 - 5,111) -1,400
=1,156
Pls the Book Value Should not go less than the residual value
A company acquired the following assets: a. Machine: 10-year useful life, $31,000 cost, straight-line method, $8,000...
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Question 1
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