A day-care center using the double-declining-balance method of depreciation purchased equipment costing $36,00 . and put it use on June 1 . The equipment is expected to have a useful life of 10 years and an estimated resale value of $2,400 . Compute the depreciation expense for June 1 through December 31 of the first tax year and all 12 months of the second and third years
$15,648
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The write-off of goodwill that has been impaired is a component of income from operations
Indicate whether the statement is true or false
According to Paul Lawrence, the drive managers most often suppress in the work place is the drive to ______.
a. learn b. acquire c. defend d. bond
A retailer's selling to consumers via store, catalog, and the Web illustrates _____
a. selective distribution b. impulse purchasing c. intensive distribution d. multi-channel retailing
A company bought new heating system for $46,000 and was given a trade-in of $4000 on an old heating system, so the company paid $42,000 cash with the trade-in. The old system had an original cost of $40,700 and accumulated depreciation of $35,400. If the transaction has commercial substance, the company should record the new heating system at:
A. $47,300. B. $5300. C. $4000. D. $42,000. E. $46,000.