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Nina [5.8K]
1 year ago
12

In year 1, Crest Company purchased equipment for $75,000. Crest uses straight-line depreciation over a 5-year useful life with n

o residual value for financial reporting purposes. In year 1, tax depreciation was $30,000. At the end of year 1, the carrying value for accounting purposes is ______, and the tax basis is ______.
Business
1 answer:
Nookie1986 [14]1 year ago
4 0
C is what I got on this question right here
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