Description of this paper

The fixed assets have estimated useful lives as fo...

Description

Solution


Question

The fixed assets have estimated useful lives as follows: Building - 31.5 years, Building Cost $ 20,000 Computer Equipment - 5.0 years , cost $ 189600 Office Equipment - 7.0 years, Cost $ 1464 Use the straight-line method of depreciation. Management has decided that assets purchased during a month are treated as if purchased on the first day of the month. The building?s scrap value is $8,000. The office equipment has a scrap value of $300. The computer equipment has no scrap value. Calculate the depreciation for one month.

 

Paper#13054 | Written in 18-Jul-2015

Price : $25
SiteLock