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On March 1 0 , 2 0 2 7 , Bramble Company sells equipment that it purchased for $ 2 1 8 , 8 8
On March Bramble 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 reftcord depreciation through March Depreciation is computed for the full year on the January balance 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 of during the year. Depreciation is computed on additions from the beginning of the month following acquisitionand on disposals to the beginning of the month following disposal. Depreciation is computed for a full period on all assets in use for over onehalf year, and no depreciation is charged on assets in use for less than onehalfvear
On March Bramble 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 reftcord
depreciation
through March
Depreciation is
computed for the
full year on the
January balance
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 of during the year.
Depreciation is computed on additions from the beginning of the month following acquisitionand on disposals to the beginning of the month following disposal.
Depreciation is computed for a full period on all assets in use for over onehalf year, and no depreciation is charged on assets in use for less than onehalfvear
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