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BartSMP [9]
3 years ago
12

Holt company purchased a computer for $8,000 on january 1, 2016. straight-line depreciation is used, based on a 5-year life and

a $1,000 salvage value. in 2018, the estimates are revised. holt now feels the computer will be used until december 31, 2019, when it can be sold for $500. compute the 2018 depreciation.
Business
1 answer:
lora16 [44]3 years ago
4 0
<span>Given data shows that $1000 as salvage value and purchased computer for $8000 Depreciation was: (8,000 - 1,000) / 5 = 1,400 per year. Two year's depreciation = 2,800 Book value after two years = 8,000 - 2,800 = 5,200 After the estimates are revised, there are two more years remaining with a salvage value of 500. (5,200 - 500) / 2 = 2,350 depreciation for 2018</span>
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