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On October 1, Orlando Gold Exchange paid cash of $57,600 for computers that are expected to remain useful for three years. At the end
On October 1, Orlando Gold Exchange paid cash of $57,600 for computers that are expected to remain useful for three years. At the end of three years, the value of the computers is expected to be zero. Read the requirements Requirement 1. Calculate the amount of depreciation for the month of October using the straight-line depreciation method. Begin by selecting the labels, than enter the amounts and compute the amount of depreciation for the month of October. (Abbreviation used, Acc. Depreciation = Accumulated Depreciation Enter a "0" for any zero balances) 12 months Straight-line depreciation
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