Tesson Company apportions depreciation on equipment on the basis of the average cost of the equipment. Insurance
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Tesson Company apportions depreciation on equipment on the basis of the average cost of the equipment. Insurance expense is apportioned on the basis of average cost of the merchandise inventory. Depreciation expense on equipment amounted to $27,000. Insurance expense amounted to $10,800.
Determine the apportionment of the depreciation expense and the insurance expense based on the following information. Round to the nearest dollar amount.
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Related Book For
College Accounting Chapters 1-26
ISBN: 9780395796993
6th Edition
Authors: Douglas J. McQuaig, Patricia A. Bille
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