Question
Computer equipment was acquired at the beginning of the year at a cost of $54,300. It had an estimated residual value of $4,700 and an
Computer equipment was acquired at the beginning of the year at a cost of $54,300. It had an estimated residual value of $4,700 and an estimated useful life of 5 years.
a. Determine the depreciable cost.
b. Determine the straight-line rate.
c. Determine the annual straight-line depreciation.
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Excel For Auditors
Authors: Bill Jelen, Dwayne K. Dowell
1st Edition
1932802169, 978-1932802160
