Question
On the job smith computer center chapter 4 At the end of September, That took a complete inventory of his supplies and found the fallowing
On the job smith computer center chapter 4
At the end of September, That took a complete inventory of his supplies and found the fallowing
3 Dozen screws at a cost of $5.00 a dozen
6 dozen screws at a cost of $10.00 a dozen
5 Cartons of computer inventory paper at a cost of $8.00 a Carton
7 feet of coaxial cable at a cost of $11.00 per foot.
After speaking to his account, the found that a reasonable depreciation amount of each of his long-term assets is as follow:
1800,Computer purchased July 5, 201x Depreciation $50. A month
3300,Office equipment purchased July 17, 201x Depreciation $55 a month
2100,Computer workstations purchased Sept, 17, 201x Depreciation $35 a month
That uses the straight-line method of depreciation and declares no salvage value for any of the assets. If any long-term asset is purchased in the first 15 as of the month, he will charge depreciation for the full month. If an asset is purchased on the 16th of the month, or latter, he will not charge depreciation in the month it was purchased.
I need the residual values
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