Question
Question 3 The PPE footnote for S. Drew Company appears below. Drew uses the straight-line method, and PPE has a 20% salvage value. 2019 2018
Question 3
The PPE footnote for S. Drew Company appears below. Drew uses the straight-line method, and PPE has a 20% salvage value.
| 2019 | 2018 | |
| PPE, Cost | 3,750 | 3,750 |
| Accumulated Depreciation | (400) | (350) |
| PPE, Net | 3,350 | 3,400 |
a. What is the depreciation expense for 2019?
b. What is the age of the assets at the end of 2019?
c. What is the % of the assets used at the end of 2019? Round to the nearest percent.
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Accounting
Authors: Carl s. warren, James m. reeve, Philip e. fess
21st Edition
978-0324400205, 324225016, 324188005, 324400209, 9780324225013, 978-0324188004
