On the job smith computer center chapter 4

At the end of September, That took a complete inventory of his supplies and found the fallowing

3 Dozen screws at a cost of $5.00 a dozen

6 dozen screws at a cost of $10.00 a dozen

5 Cartons of computer inventory paper at a cost of $8.00 a Carton

7 feet of coaxial cable at a cost of $11.00 per foot.

After speaking to his account, the found that a reasonable depreciation amount of each of his long-term assets is as follow:

Computer purchased July 5, 201x Depreciation $50. A month

Office equipment purchased July 17, 201x Depreciation $55 a month

Computer workstations purchased Sept, 17, 201x Depreciation $35 a month

That uses the straight-line method of depreciation and declares no salvage value for any of the assets. If any long-term asset is purchased in the first 15 as of the month, he will charge depreciation for the full month. If an asset is purchased on the 16^th of the month, or latter, he will not charge depreciation in the month it was purchased.