Question
On March 1, 2021, Simpson Hotel purchased new computers for $13,560. The computers are expected to last 3 years and will have an estimated residual
On March 1, 2021, Simpson Hotel purchased new computers for $13,560. The computers are expected to last 3 years and will have an estimated residual value of $600. 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 | Answer
| Answer
| Answer
| Answer
|
| 2022 | Answer
| Answer
| Answer
| Answer
|
| 2023 | Answer
| Answer
| Answer
| Answer
|
| 2024 | Answer
| Answer |
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
