El Tapitio purchased restaurant furniture on September 1, 2012, for $35,000. Residual value at the end of

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El Tapitio purchased restaurant furniture on September 1, 2012, for $35,000. Residual value at the end of an estimated 10-year service life is expected to be $5,000. Calculate depreciation expense for 2012 and 2013, using the straight-line method, and assuming a December 31 year-end.
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Financial Accounting

ISBN: 9780078110825

2nd Edition

Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

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