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18. After three years, a company has accumulated depreciation of $9,000 on a piece of equipment. The company paid $21,000 for the equipment and records
- 18.After three years, a company has accumulated depreciation of $9,000 on a piece of equipment. The company paid $21,000 for the equipment and records a depreciation expense of $3,000 per year.
- Record the depreciation expense for the fourth year. ___________
- Find the net book value for the piece of equipment at the beginning and ending of the fourth year. _______________
C. Show how the equipment will be recorded on the balance sheet for the fourth year. _________________
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