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On July 1, 2021, Simpson Hotel purchased new computers for $18,800. The computers are expected to last 3 years and will have an estimated residual
On July 1, 2021, Simpson Hotel purchased new computers for $18,800. The computers are expected to last 3 years and will have an estimated residual value of $800. Simpson Hotel has a December 31 year end. Required Prepare the table below showing the yearly depreciation, accumulated depreciation, and net book value of the equipment. Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole number. Year Original Cost of Equipment Depreciation Expense Accumulated Depreciation Net Book Value 2021 18800 0 18800 2022 18800 6000 6000 12800 2023 12800 6000 12000 6800 2024 6800 6000 18000 800
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