Question
On January 1, 2012, the company ABC S.A. purchased machinery for 20,000 euros. The company, which uses a straight-line depreciation method, estimates the useful life
On January 1, 2012, the company ABC S.A. purchased machinery for 20,000 euros. The company, which uses a straight-line depreciation method, estimates the useful life of the machine at 4 years with a residual value of 2,000 euros.
Required;
As of December 31, 2012, What is the company amortization expense ?
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
10th Edition
1119491630, 978-1119491637, 978-0470534793
