Bertha Co purchased equipment 4 years ago for $1,663,081. The equipment was depreciated straight line to...
Bertha Co purchased equipment 4 years ago for $1,663,081. The equipment was depreciated straight line to zero over 7 years. What’s the current accumulated depreciation for the equipment?
Homework Answers
Annual depreciation=(Cost-Salvage value)/Useful Life
=1,663,081/7=$237583/year
Hence current accumulated depreciation=(237583*4)
=$950332
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