Question: 2 Dutton Ranch Inc. purchased computers for $6,000 on Jan 1, 2022. The useful life is 3 years and the estimated salvage value is $0.
2 Dutton Ranch Inc. purchased computers for $6,000 on Jan 1, 2022. The useful life is 3 years and the estimated salvage value is $0. A Using straight-line depreciation, calclate the annual deprecation expense, the accumulated depreciation on December 31st of each year, and the net book value on December 31st of each year, for all 3 yrs. B Using the calculations from #2 above, what is the Depreciation Expense for the year ending 12/31/24? c Using the calculations from #2 above, what is the net book value on 12/31/24? D Using the information from #2 above, what would be the gain or loss on sale of the asset if it were sold for $500 on Dec 31, 2024
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