Question: On March 1 0 , 2 0 2 7 , Wildhorse Company sells equipment that it purchased for $ 2 2 6 , 5
On March Wildhorse Company sells equipment that it purchased for $ on August It was originally estimated that the equipment would have a life of years and a salvage value of $ at the end of that time, and depreciation has been computed on that basis. The company uses the straightline method of depreciation.
a Compute the depreciation charge on this equipment for for and the total charge for the period from to inclusive, under each of the six following assumptions with respect to partial periods. Round depreciation per day to decimal places, eg and final answers to decimal places, eg Depreciation is computed on additions from the beginning of the month following acquisition and on disposals to the beginning of the month following disposal.
Depreciation is computed for a full period on all assets in use for over onehalf year, and no depreciation is charged on assets in use for less than onehalf year.
Use days for base.
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