Ask Question
10 November, 02:19

El tapitio purchased restaurant furniture on september 1, 2018, for $45,000. residual value at the end of an estimated 10-year service life is expected to be $6,000. calculate depreciation expense for 2018 and 2019, using the straight-line method, and assuming a december 31 year-end.

+5
Answers (1)
  1. 10 November, 03:18
    0
    Year 2018 ($45,000 - $5,000) / 10 = 3,000 Ă - 4/12 = $1,000 2019 ($35,000 - $5,000) / 10 = $3,000
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “El tapitio purchased restaurant furniture on september 1, 2018, for $45,000. residual value at the end of an estimated 10-year service life ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers