Question
How to find Adjusting Amortization Expense & Depreciation Expense ? Equipment (all equipment): Start of year $17,000 Leasehold start of year $10,000 Mixing machine: $5,000
How to find Adjusting Amortization Expense & Depreciation Expense ?
Equipment (all equipment): Start of year $17,000
Leasehold start of year $10,000
Mixing machine: $5,000 initial cost, $500 salvage value, 3rd year of use of 7 total ($642.86 per year)
Ovens: $8,000 initial cost, $1,000 salvage value, 3rd year of use of 7 total ($1,000 per year)
Other depreciable equipment: $4,000 initial cost, $0 salvage value, 1st year of use of 4 total ($1,000 per year)
Bakery Leasehold Improvements: $10,000, 2nd year of use ($2,000 per year)
Trademark for company name: Initial cost, $2,300, 3rd year of use
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