Question
On September 1, 2010, Barcelona purchased equipment costing $50,000, with an estimated life of 5 years and estimated residual value of $2,000. Compute depreciation
On September 1, 2010, Barcelona purchased equipment costing $50,000, with an estimated life of 5 years and estimated residual value of $2,000. Compute depreciation expense for Barcelona for 2010 assumingB a) Straight-line depreciation method with fractional periods rounded to the nearest full month b) 200% declining balance, using half year convention. c) 150% declining balance method with fractional periods rounded to the nearest full month.
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Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
23rd Edition
978-0324662962
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