On April 1, 2019, Tru-Action Consulting purchased new computers for $15,920. The computers are expected to...
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On April 1, 2019, Tru-Action Consulting purchased new computers for $15,920. The computers are expected to last 3 years and will have an estimated residual value of $800. Tru-Action Consulting has a December 31 year end. Required Prepare the table below showing the yearly depreciation, accumulated depreciation, and net book value of the equipment. Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole number. Year Original Cost of Equipment Depreciation Expense Accumulated Depreciation Net Book Value 2019 15920 5040 5040 15120 2020 15920 5040 5040 15120 2021 15920 5040 10880 2022 15920 5040 Check On April 1, 2019, Tru-Action Consulting purchased new computers for $15,920. The computers are expected to last 3 years and will have an estimated residual value of $800. Tru-Action Consulting has a December 31 year end. Required Prepare the table below showing the yearly depreciation, accumulated depreciation, and net book value of the equipment. Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole number. Year Original Cost of Equipment Depreciation Expense Accumulated Depreciation Net Book Value 2019 15920 5040 5040 15120 2020 15920 5040 5040 15120 2021 15920 5040 10880 2022 15920 5040 Check
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Answer rating: 100% (QA)
Original Cost 15920 Life of equipment 3 years Salvage value 8... View the full answer
Related Book For
Accounting
ISBN: 978-1337899451
27th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
Posted Date:
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