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Hot Wort Ltd. purchased equipment on April 1,2020 , for $140,000. The residual value is $20,000 and the estimated life is 6 years or 55,000
Hot Wort Ltd. purchased equipment on April 1,2020 , for $140,000. The residual value is $20,000 and the estimated life is 6 years or 55,000 hours. Compute depreciation expense for the year ending December 31, 2020 if Hot Wort Ltd. uses the straight-line method of depreciation. A. $14,988 B. $15,000 C. $19,983 D. $20,000
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