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On March 1 0 , 2 0 2 7 , Wildhorse Company sells equipment that it purchased for $ 2 2 6 , 5 6
On March Wildhorse Company sells equipment that it purchased for $ on August It was originally estimated that the equipment would have a life of years and a salvage value of $ at the end of that time, and depreciation has been computed on that basis. The company uses the straightline method of depreciation.
a Compute the depreciation charge on this equipment for for and the total charge for the period from to inclusive, under each of the six following assumptions with respect to partial periods. Round depreciation per day to decimal places, eg and final answers to decimal places, eg
Depreciation is computed
for the exact period of time
during which the asset is
owned. Use days for
base and record
depreciation through
March
Depreciation is computed
for the full year on the
January 'alance in the
asset account.
Depreciation is computed
for the full year on the
December balance in the
asset account.
Depreciation for onehalf
year is charged on plant
assets acquired or disposed
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