Question: Equipment with an estimated life of 10 years and no

Equipment with an estimated life of 10 years and no expected residual value was purchased on account for $60,000 on March 6, 2014. Assuming a year-end of December 31, calculate depreciation for 2014 and 2015 using the straight-line method:
a. To the nearest whole month.
b. Using the half-year convention.


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  • CreatedJanuary 08, 2015
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