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calculate the depreciation for one month using straight line method. for each (building, computer equipment, office equipment) The fixed assets have estimated useful lives as

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calculate the depreciation for one month using straight line method. for each (building, computer equipment, office equipment)
The fixed assets have estimated useful lives as follows: Building - 31.5 years Computer Equipment - 5.0 years Office Equipment - 7.0 years Use the straight-line method of depreciation Management has decided that assets purchased during a month are treated as if purchased on the first day of the month. The building's scrap value is $8,000. The office equipment has a scrap value of $300. The computer equipment has no scrap value. Calculate the depreciation for one month. 3 Transaction Megan Mccallister 9350 Description of transaction June 1: Byte of Accounting, Inc, issued 2,650 shares of its common stock to Jeremy after $31,320 in cash and computer equipment with a fair market value of $45,530 were received. 01. 02 June 1 Byte of Accounting, Inc. issued 2,325 shares of its common stock after acquiring from Courtney $53,650 in cash, computer equipment with a fair market value of $12,760 and office equipment with a fair value of $1,015. June 1: Byte of Accounting, Inc. acquired $92,800 in cash from Megan Mccallister and issued 3,200 shares of its common stock

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