Question
crane machine reported the following information about two of its machines as of december 31, 2023 date acquired cost useful life in years salvage value
crane machine reported the following information about two of its machines as of december 31, 2023
date acquired cost useful life in years salvage value
| jan 1 2014 | 656000 | 20 | 32800 |
| jul 1 2023 | 98400 | 5 | 4100 |
[a] calculate the annual depreciation for each asset using the straight line method
[b] calculate the accumulated depreciation and book value of each asset on december 31, 2024
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College Accounting A Practical Approach Chapters 1-25
Authors: Jeffrey Slater
12th Edition
013277206X, 978-0132772068
