Question: On April 2 2014 LiveReel Media purchased for 588 000 machinery

On April 2, 2014, LiveReel Media purchased for $588,000 machinery having an estimated useful life of 10 years with an estimated residual value of $56,000. The company’s year-end is December 31. Depreciation is calculated using the half-year rule.

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  • CreatedJanuary 08, 2015
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