Question: How to remember this for test? Exercise 7-12A Determine straight-line depreciation for partial periods (L07-4) Togo's Sandwiches acquired equipment on April 1, 2021, for $16,000.

How to remember this for test? Exercise 7-12A Determine straight-line depreciation

How to remember this for test?

Exercise 7-12A Determine straight-line depreciation for partial periods (L07-4) Togo's Sandwiches acquired equipment on April 1, 2021, for $16,000. The company estimates a residual value of $1,600 and a five- year service life. Required: Calculate depreciation expense using the straight-line method for 2021 and 2022, assuming a December 31 year-end. 2021 2022 Depreciation expense

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