Question
Exercise 11-15 On March 10, 2019, Sage Company sells equipment that it purchased for $201,600 on August 20, 2012. It was originally estimated that the
Exercise 11-15
On March 10, 2019, Sage Company sells equipment that it purchased for $201,600 on August 20, 2012. It was originally estimated that the equipment would have a life of 12 years and a salvage value of $17,640 at the end of that time, and depreciation has been computed on that basis. The company uses the straight-line method of depreciation. Compute the depreciation charge on this equipment for 2012, for 2019, and the total charge for the period from 2013 to 2018, inclusive, under each of the six following assumptions with respect to partial periods.
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