Question
In 2021, B&C owed the following assets. B&C sold the land, office building, and furniture on 9/5/2021. Calculate the depreciation deduction for 2021. Round deprecation
In 2021, B&C owed the following assets. B&C sold the land, office building, and furniture on 9/5/2021. Calculate the depreciation deduction for 2021. Round deprecation for each asset to the nearest dollar.
Asset | Convention | Date Purchased | Date Sold | Cost | Depreciation 2021 |
Van | HY | 4/26/2017 | - | 30,000 | |
Land | 3/1/2018 | 9/5/2021 | 100,000 | ||
Office Building | MM | 3/1/2018 | 9/5/2021 | 650,000 | |
Furniture | MQ | 8/19/2020 | 9/5/2021 | 50,000 | |
Computer Equipment | MQ | 11/1/2015 | - | 15,000 | |
Computer Equipment | MQ | 11/1/2021 | - | 15,000 |
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Horngrens Financial And Managerial Accounting The Financial Chapters
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
6th Edition
978-0134486840, 134486838, 134486854, 134486846, 9780134486833, 978-0134486857
