Question
On March 1, the company purchased equipment from Japan Purchase price $ 6,000 Sales taxes $ 90 Freight cost $ 250 Insurance for transit $
On March 1, the company purchased equipment from Japan
Purchase price $ 6,000
Sales taxes $ 90
Freight cost $ 250
Insurance for transit $ 160
The company uses straight line, units of activity and declining balance method. The residual value for the equipment is $ 500
p.s they only give this information
with equation please, thank you!
Year 2022 2023 2024 2025 2026 Accumulated Depreciation Depreciation Expense XXX XXX XXX XXX XXX XXX Book Value XXX XXX XXXStep by Step Solution
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
13th Edition
9780470374948, 470423684, 470374942, 978-0470423684
