Exercise 8-11 (Static) Straight-line, partial-year depreciation Compute depreciation expense at December 31 for both the first year and se method. $ Choose Numerator: Cost minus salvage Year First year Second year 1 240,000/ Annual Depreciation $ $ X 48,000 X 48,000 Choose Denominator: Estimated useful life (years) Fraction of Year 5 12/12 11 11 11 = 11 Annual Annual d $ $ Dep Ex

Exercise 8-11 (Static) Straight-line, partial-year depreciation Compute depreciation expense at December 31 for both the first year and se method. Exercise 8-11 (Static) Straight-line, partial-year depreciation Compute depreciation expense at December 31 for both the first year and se method