Homework Answers
Answer- Depreciable base of Skysong’s new machine =$27879.
Explanation- Depreciable base = Purchase cost of new machine- Salvage value of new machine
= $31059-$3180
= $27879
Where- Purchase cost of new machine= Invoice price of machine+ Title fees + County property tax+ Shipping charges+ Platform cost
= $29680+$212+$133+$530+$504
= $31059
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explanation very appreciated
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Blue Company purchased a computer for $9,760 on January 1, 2019. Straight-line depreciation is used, based on a 5-year life and a $1,220 salvage value. In 2021, the estimates are revised. Blue now feels the computer will be used until December 31, 2022, when it can be sold for $610. Compute the 2021 depreciation. (Round answer to 0 decimal places, e.g. 45,892.) Depreciation expense, 2021
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