Question: On April 1 2012 Cyclone s Backhoe Co purchases a trencher
On April 1, 2012, Cyclone’s Backhoe Co. purchases a trencher for $280,000. The machine is expected to last five years and have a salvage value of $40,000. Compute depreciation expense for both 2012 and 2013 assuming the company uses the straight- line method.
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