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On March 10, 2019, Martinez Company sells equipment that it purchased for $230,400 on August 20, 2012. It was originally estimated that the equipment would

On March 10, 2019, Martinez Company sells equipment that it purchased for $230,400 on August 20, 2012. It was originally estimated that the equipment would have a life of 12 years and a salvage value of $20,160 at the end of that time, and depreciation has been computed on that basis. The company uses the straight-line method of depreciation.image text in transcribed

On March 10, 2019, Martinez Company sells equipment that it purchased for $230,400 on August 20, 2012. It was originally estimated that the equipment would have a life of 12 years and a salvage value of $20,160 at the end of that time, and depreciation has been computed on that basis. The company uses the straight-line method of depreciation. Compute the depreciation charge on this equipment for 2012, for 2019, and the total charge for the period from 2013 to 2018, inclusive, under each of the six following assumptions with respect to partial periods. (Round depreciation per day to 2 decimal places, e.g. 15.64 and final answers to 0 decimal places, e.g. 45,892.) 2013-2018 Inclusive 2012 2019 (1) Depreciation is computed for the exact period of time during which the asset is owned. (Use 365 days for the base and record (2) Depreciation is computed for the full year on the January 1 (3) Depreciation is computed for the full year on the December 31 (4) Depreciation for one-half year is charged on plant assets (5) Depreciation is computed on additions from the beginning of the depreciation through March 9, 2019.) balance in the asset account. balance in the asset account. acquired or disposed of during the year. month following acquisition and on disposals to the beginning of the month following disposal. (6) Depreciation is computed for a full period on all assets in use for over one-half year, and no depreciation is charged on assets in use for less than one-half year. (Use 365 days for base.)

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