Question
A company purchased a new computer at a cost of $2,100 on January 1, 2011. The computer is estimated to have a useful life of
A company purchased a new computer at a cost of $2,100 on January 1, 2011. The computer is estimated to have a useful life of 4 years and a salvage value of $100. The company uses the straight-line method of depreciation. How much depreciation expense will be recorded for the computer for the period ended December 31, 2011?
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Financial Accounting
Authors: Walter B. Meigs, Robert F. Meigs, Mark Bettner, Ray Whittington
9th Edition
0070434360, 978-0070434363
