Ask Question
BusinessBusiness
30 September, 14:41

During 2015, equipment with a book value of $40,000 and an original cost of $210,000 was sold at a loss of $3,000. how much depreciation expense was recorded on equipment during 2015?

+5
Answers (1)
  1. 30 September, 16:30
    0
    How much depreciation expense was recorded on equipment during 2015? $10000

    Explanation:

    Year Cost monthly Dep NBV

    Year 1 210000 10000 200000

    Year 2 200000 10000 190000

    Year 3 190000 10000 180000

    Year 4 180000 10000 170000

    Year 5 170000 10000 160000

    Year 6 160000 10000 150000

    Year 7 150000 10000 140000

    Year 8 140000 10000 130000

    Year 9 130000 10000 120000

    Year 10 120000 10000 110000

    Year 11 110000 10000 100000

    Year 12 100000 10000 90000

    Year 13 90000 10000 80000

    Year 14 80000 10000 70000

    Year 15 70000 10000 60000

    Year 16 60000 10000 50000

    Year 17 50000 10000 40000

    Year 18 40000 10000 30000

    Year 19 30000 10000 20000

    Year 20 20000 10000 10000

    Year 21 10000 10000 0
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “During 2015, equipment with a book value of $40,000 and an original cost of $210,000 was sold at a loss of $3,000. how much depreciation ...” 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
You Might be Interested in
Explain how to address compliance with Government Accounting Standards (GAS) in nonprofit and governmental financial statements. Support your response with academic source (s).
Answers (1)
A penny lies in the bottom of a tea cup filled with water. as you look down on the penny, compared to its actual depth, it looks
Answers (1)
The term runagate likely comes from the word renegade, which means
Answers (1)
Ralph borrowed $4 million and used the proceeds in his Internet business. The interest on this debt is not subject to an interest limitation if Ralph's business has average annual gross receipts of $26 million or less for the prior three taxable
Answers (1)
After posting all actual factory overhead and applying factory overhead to production departments in a process costing system, A. There will never be underapplied overhead. B. There will never be overapplied overhead. C.
Answers (1)
New Questions in Business
Jackie owns and operates a website design business. To keep up with new technology, she spends $5,000 per year upgrading her computer equipment. She runs the business out of a room in her home.
Answers (1)
The school production of 'Our Town' was a big success. For opening night, 501 tickets were sold. Students paid $3.00 each, while non-students paid $5.00 each. If a total of $ 1767.
Answers (1)
Do law enforcement agencies really seek an efficient amount of lawbreaking rather than no lawbreaking?
Answers (1)
Identify an advantage of working in teams. A. Less wasted time B. Less skills C. More ideas D. Strong work ethics
Answers (1)
merchandise costing 1200 is sold for 2200 on term 2/30, n/60. If the customer pays within the discount period.
Answers (1)
Home » Business » During 2015, equipment with a book value of $40,000 and an original cost of $210,000 was sold at a loss of $3,000. how much depreciation expense was recorded on equipment during 2015?
Sign Up Forgot Password?