Question
17. On January 1, 2015, KEO Company purchased equipment at a cost of $390,000. The equipments salvage value was $24,375 and it has a useful
17.
On January 1, 2015, KEO Company purchased equipment at a cost of $390,000. The equipments salvage value was $24,375 and it has a useful life of five years. The sum-of-the-years'-digits method is used. What is depreciation expense for this equipment for the year ended December 31, 2018?
| $24,375 | ||
| $48,750 | ||
| $10,500 | ||
| $47,250 |
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Payroll Accounting 20
Authors: Bernard J. Bieg, Judith A. Toland
26th Edition
1337268798, 9781337268790
