Question
Depreciation Calculation - McDonald's Corporation McDonald's Corporation purchased new kitchen equipment for $70,000 on January 1, 2022. The equipment has an estimated useful life of
Depreciation Calculation - McDonald's Corporation
McDonald's Corporation purchased new kitchen equipment for $70,000 on January 1, 2022. The equipment has an estimated useful life of 5 years and a salvage value of $7,000. They use the straight-line method for depreciation.
Calculate the annual depreciation expense for the years 2022, 2023, and 2024 for McDonald's Corporation.
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
