The end of the business year is December 31. 

Equipment cost = 269,000 

Useful life in years = 8 

Salvage value = 5,000 

Purchase date = November 1 

Required

What is the depreciation expense per year and the depreciation expense per month? and 

the depreciation expense in the year of purchase?

Answer rating: 100% (QA)

Answer Given Cost of equipment 269000 Useful life in years 8 Residual value 5000 Date purchased Nov... View the full answer