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PLEASE SHOW WORK. NO WORK = NO POINTS. On January 1, 2020, QSI purchases equipment for $40,000. The salvage value of the equipment is $4,000
PLEASE SHOW WORK. NO WORK = NO POINTS. On January 1, 2020, QSI purchases equipment for $40,000. The salvage value of the equipment is $4,000 and the estimated useful life of the equipment is 6 years. Assuming that QSI uses the straight line method for recording depreciation expense determine the following: A. Depreciation expense for the year ended December 31, 2022 $ B. Accumulated Depreciation Balance as of December 31, 2023 $ C. Net Book Value (Carrying Value) of the equipment as of December 31, 2024 $ D. Accumulated Depreciation Balance as of December 31, 2026 $
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