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Alice and Zain Winter are continuing to review business practices. Currently, they are reviewing the company's property, plant, and equipment and have gathered the following
Alice and Zain Winter are continuing to review business practices. Currently, they are reviewing the company's property, plant, and equipment and have gathered the following information: Click the icon to view the information.) Read the requirements Requirement 1. Calculate the amount of monthly depreciation expense for the computer and office furniture for 2019. (Calculate a full month's depreciation. It is not necessary to prorate depreciation based on the number of days in service.) Year 1 - Monthly Depreciation Expense Asset Computer Office Furniture Acquisition ition Date Mar. 2. 2019 Mar. 3. 2019 Cost 2,700 3,700 Estimated Residual Value 1.300 1.600 Estimated Life 6 years 7 years Depreciation Method DDB SL i Data Table Monthly Estimated Life Estimated Residual Value Depreciation Method Depreciation Expense Asset Cost Canoes 6,240 c 4 years Land Acquisition Date Nov. 3, 2018 Dec. 1. 2018 Dec. 1. 2018 Dec 2. 2018 Mar. 2. 2019 Mar. 3. 2019 20.000 is Building Canoes 95.000 104.000 5.760 2.700 3.700 10 years 4 years 6 years 7 years Computer 1,300 DDB Office Furniture 1.600 SL SL = Straight-line: DDB = Double-declining balance Print Done
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