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Bridgeport Company acquires a piece of equipment on April 1 with a total cost of $21,500. The company estimates that the equipment has an estimated

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Bridgeport Company acquires a piece of equipment on April 1 with a total cost of $21,500. The company estimates that the equipment has an estimated useful life of 3 years with a residual value of $860 and a to life of 5 years with no salvage value. Bridgeport Assume that Bridgeport Company is a publicly traded company. What is the depreciable value of the equipment? Depreciablevalue $ Record the entry for the depreciation charge at year end. (Credit occount titles are automatically indented when the amount is entered. Do not inden before credit entry.) If Bridgeport Company uses ASPE, does the depreciable value change? If 50 , what would the value be? Depreciablevalue $ Record the year-end entry using ASPE. (Credit account titles are outomatically indented when the amount is entered nn. manualiy. If no entry is required, select "No Entry" for the account titles and enter 0 far wh

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