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On January 1 of the current year, the Oleg Konisovskiy Company purchased machinery for $127,000. The machinery has an estimated useful life of 5 years
| On January 1 of the current year, the Oleg Konisovskiy Company purchased machinery for $127,000. The machinery has an estimated useful life of 5 years and an estimated salvage value of $7,000. Complete the depreciation schedule below. | ||||||
| Each formula in column D must include the SLN function. | ||||||
| Cost | $127,000 | |||||
| Salvage | $7,000 | |||||
| Life (in years) | 5 | |||||
| Year | January 1 book value | Depreciation Expense | Accumulated Depreciation | December 31 book value | ||
| 1 | $127,000 | |||||
| 2 | ||||||
| 3 | ||||||
| 4 | ||||||
| 5 | ||||||
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Intermediate Accounting principles and analysis
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
2nd Edition
471737933, 978-0471737933
