Question
On October 1, 20X1, Dax Corp. purchases for $125,000 a machine that Dax estimates has a useful life of 4 years and a scrap value
On October 1, 20X1, Dax Corp. purchases for $125,000 a machine that Dax estimates has a useful life of 4 years and a scrap value of $5,000. Complete the depreciation schedule
| Year | Year beginning book value | Depreciation expense | Accumulated depreciation | Year end book value |
| 2001 |
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| 2002 |
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| 2003 |
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| 2004 |
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| 2005 |
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Financial Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
4th Edition
0471730513, 978-0471730514
