Question
On July 1, 2021, Thompson Hotel purchased new computers for $18,500. The computers are expected to last 3 years and will have an estimated residual
On July 1, 2021, Thompson Hotel purchased new computers for $18,500. The computers are expected to last 3 years and will have an estimated residual value of $500. Thompson 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 | Answer
| Answer
| Answer
| Answer
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| 2022 | Answer
| Answer
| Answer
| Answer
|
| 2023 | Answer
| Answer
| Answer
| Answer
|
| 2024 | Answer
| Answer
| Answer
| Answer
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
11th Edition
0471448966, 978-0471448969
