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Thepotemich [5.8K]
3 years ago
9

El tapitio purchased restaurant furniture on september 1, 2018, for $45,000. residual value at the end of an estimated 10-year s

ervice life is expected to be $6,000. calculate depreciation expense for 2018 and 2019, using the straight-line method, and assuming a december 31 year-end.
Business
1 answer:
shutvik [7]3 years ago
5 0
<span>Year 2018 ($45,000 - $5,000)/10 = 3,000 Ă— 4/12 = $1,000 2019 ($35,000 - $5,000)/10 = $3,000</span>
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