Question: El Tapitio purchased restaurant furniture on September 1 2015 for

El Tapitio purchased restaurant furniture on September 1, 2015, for $ 45,000. Residual value at the end of an estimated 10-year service life is expected to be $ 6,000. Calculate depreciation expense for 2015 and 2016, using the straight-line method, and assuming a December 31 year-end.


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  • CreatedJuly 15, 2014
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