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Bhangra DJ Services purchases a mobile music system for $12,000 on January 1 of the year. The owners expect the system to last 4 years
Bhangra DJ Services purchases a mobile music system for $12,000 on January 1 of the year. The owners expect the system to last 4 years and be worth $2,000 at the end of its life. Calculate the annual depreciation expense on the system in each of the first two years, applying the Straight Line Depreciation method and the half year rule.
Year 1: ________ Year 2: _______
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