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Please answer clearly for rating The December 31, 2020 balance sheet of Novak Company showed Equipment of $78,000 and Accumulated Depreciation of $13,500. On January
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The December 31, 2020 balance sheet of Novak Company showed Equipment of $78,000 and Accumulated Depreciation of $13,500. On January 1, 2021, the company decided that the equipment has a remaining useful life of 6 years with a $3,300 salvage value. (a) Compute the depreciable cost of the equipment. (b). Depreciable cost Save for Later Compute the revised annual depreciation. Revised annual depreciation $ Attempts: 0 of 1 used Submit Step by Step Solution
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