Answer:
Partial depreciation expense, from October 30 to December 31=$1,000
Explanation:
The depreciation base can be expressed;
depreciation base=purchase cost-salvage value
where;
purchase cost=$26,000
salvage value=$2,000
replacing;
depreciation base=26,000-2,000=$24,000
depreciation base=$24,000
annual depreciation expense=depreciation base/useful life
where;
depreciation base=$24,000
useful life=4 years
replacing;
annual depreciation expense=24,000/4=$6,000
Partial depreciation expense, from October 30 to December 31=2 months
Partial depreciation expense=(2/12)×6,000=$1,000
