Holt Company purchased a computer for 8,000 on January 1, 2014. Straight-line depreciation is used, based on
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Holt Company purchased a computer for £8,000 on January 1, 2014. Straight-line depreciation is used, based on a 5-year life and a £1,000 residual value. In 2016, the estimates are revised. Holt now feels the computer will be used until December 31, 2017, when it can be sold for £500. Compute the 2016 depreciation.
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Related Book For
Intermediate Accounting IFRS Edition
ISBN: 9781118443965
2nd Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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