Question
Bluesky uses straight-line depreciation in its financial statements, with depreciation for a partial year rounded to the nearest full month. On September 28, 2012 BlueSky
Bluesky uses straight-line depreciation in its financial statements, with depreciation for a partial year rounded to the nearest full month.
On September 28, 2012 BlueSky purchased equipment at a cost of $140,000. For financial reporting purposes, the useful life of this equipment was estimated at 5 years, with a $30,000 salvage value.
Compute the depreciation expense relating to this equipment that BlueSky will recognize in its financial statements in the following years. (2012 -2017) If no depreciation will be recognized in a particular year, write zero.
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