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I don't understand this could I please get some help? Katie, your Accounting Manager, has asked you to calculate the depreciation for the new company
I don't understand this could I please get some help?
Katie, your Accounting Manager, has asked you to calculate the depreciation for the new company car. The company purchased the new car on June 1, 2018.
- The purchase price was $12,600 and had a useful life of 3 years.
- The salvage or residual amount is 10% of the purchase price.
Round the total depreciation expense to the nearest whole dollar and the cost per mile to two decimal places. Calculate the total depreciation expense in the Years: 2018, 2019, 2020, and 2021, using the units of production method.
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