a company purchesd a machine for 192,000 on oct 1 2024. the estimated sercice life is 10 years with a 19400 rediual value. the company record partial year depreciation based on the numver of months in sercice. Depreciation exprense for the yera eneded ddecember 31 2024, using straight line depreciation is
Added by Jamie W.
Step 1
This is done by subtracting the residual value from the purchase price: 192,000 - 19,400 = 172,600 This is the total depreciation over 10 years. Show more…
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