Question
Navy, Inc. bought a new vessel in the year 2015. The vessel cost 91,140 dollars with additional delivery expenses of 11,137 dollars. The vessel was
Navy, Inc. bought a new vessel in the year 2015. The vessel cost 91,140 dollars with additional delivery expenses of 11,137 dollars. The vessel was put into service on September 4, 2015 and is depreciated using accelerated depreciation. What is the value of depreciation recorded in the accounting books for the year 2020, assuming the company decided to sell the vessel on June 5, 2020? (note: round your answer to the nearest cent and do not include spaces, currency signs, or commas; do not round the recovery factors from the depreciation tables)
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