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Take me to the text On June 1, 2018, Automated Controls and Motion purchased equipment for $87,000. The equipment is expected to last 5 years
Take me to the text On June 1, 2018, Automated Controls and Motion purchased equipment for $87,000. The equipment is expected to last 5 years and will have no residual value. Automated Controls and Motion has a December 31 year end. In the year of purchase, the company calculated depreciation for each month the asset was owned. Required Prepare the table below showing the yearly depreciation, accumulated depreciation, and net book value of the equipment. Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole number Year Original Cost of Equipment Depreciation Expense Accumulated Depreciation Net Book Value 2018 87000 17400 X 17400 X 69600 X 87000 2019 17400 34800 X 69600 X 2020 87000 X 17400 69600 2021 87000 17400 87000 17400 2022 Check Note: The "check" button does not submit your attempt.To submit the attempt, go to the end of the quiz and click on the submit all and finish" button. Partially correct Marks for this submission: 9.00/20.00
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