Question
Using the information below, calculate the average total depreciable life of the assets: Information from the Balance Sheet: 2012 2011 Depreciable Assets $600,000 $400,000 Accumulated
Using the information below, calculate the average total depreciable life of the assets:
Information from the Balance Sheet: | ||
2012 | 2011 | |
Depreciable Assets | $600,000 | $400,000 |
Accumulated Depreciation | (175,000) | (100,000) |
Depreciable Assets (Net) | $425,000 | $300,000 |
From the Income Statement | 2012 |
Depreciation Expense | $50,000 |
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Financial Accounting
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
2nd Edition
0078110823, 9780078110825
