gourmet shop purchased cash register on April 1 for $ 12000 . if this asset has...
gourmet shop purchased cash register on April 1 for $ 12000 . if this asset has an estimated useful life of four years, what is the book value of the cash registers on may 31.?
Homework Answers
| Cost of asset | 12000 | |
| Divide by Useful life | 4 | |
| Annual Depreciation | 3000 | |
| Depreciation for 2 months(April-May) | 500 | =3000*2/12 |
| Book value of the cash registers on May 31 | 11500 | =12000-500 |
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gourmet shop purchased cash register on April 1 for $
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