The Merrick Company bought store equipment on July 3 of the current year at a cost...
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The Merrick Company bought store equipment on July 3 of the current year at a cost of $4,800. The store equipment has an estimated useful life of six years and an estimated disposal value of $600. Directions: Prepare a depreciation schedule for the first three years of useful life of the store equipment. Use the straight-line method to complete the following form. Annual Accumulated Depreciation Book Value Cost Depreciation Score July 3 $4,800.00 $4,800.00 First year (July-December) Second year Third year || The Merrick Company bought store equipment on July 3 of the current year at a cost of $4,800. The store equipment has an estimated useful life of six years and an estimated disposal value of $600. Directions: Prepare a depreciation schedule for the first three years of useful life of the store equipment. Use the straight-line method to complete the following form. Annual Accumulated Depreciation Book Value Cost Depreciation Score July 3 $4,800.00 $4,800.00 First year (July-December) Second year Third year ||
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Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
Posted Date:
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