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Kansas Enterprises purchased equipment for $75,000 on January , 2021. The equipment is expected to have a five-year service ife, with a residual value of
Kansas Enterprises purchased equipment for $75,000 on January , 2021. The equipment is expected to have a five-year service ife, with a residual value of $2,200 at the end of five years Using the straight-line method, depreciation expense for 2022 and the book value at December 31, 2022, would be Multiple Choice $12.760 and $48,480 $12.750 and $41.280 $95.200 and $38.400 $15.200 and 545.600 Kansas Enterprises purchased equipment for $94500 on January 1, 2021 The equipment is expected to have a tursynet service life with a resident vase of $6.500 at the end often years Using the double declining balance method, depreciation expense for 2022 would be: (Do not round your intermediate calculation Michal 360 01040 $11.94 MO A company purchased a machine for $200,000 on October 1, 2021 The estimated service life is 10 years with a $19.900 residual value. The company records partlayar depreciation based on the number of months in service. Depreciation expense for the year ended December 31, 2021, using straight line depreciation is (Do not round your Intermediate calculations, Round your answer to the nearest dollar amount) Me Choice $4,523 $5.000 o SY5.000 52.44
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