Zeta bought new petroleum refining equipment in the year 2010 . The purchase
cost was 181,238 dollars and in addition it had to spend 19,007 dollars for
installation. The refining equipment has been in use since February 8,2010 . Zeta
forecasted that in 2040 the equipment would have a net salvage value of
$10,000. Using the US Straight Line Depreciation Schedule, estimate the value
of depreciation recorded in the accounting books in the year 2014 if the
company decided to sell the equipment on August 4th (of 2014). (note: round
your answer to the nearest cent and do not include spaces, currency signs, or
commas)
Zeta bought new petroleum refining equipment in the year 2010. The purchase
cost was 181,238 dollars and in addition it had to spend 19,007 dollars for
installation. The refining equipment has been in use since February 8, 2010. Zeta
forecasted that in 2040 the equipment would have a net salvage value of
$10,000. Using the US Straight Line Depreciation Schedule, estimate the value
of depreciation recorded in the accounting books in the year 2014 if the
company decided to sell the equipment on August 4th (of 2014). (note: round
your answer to the nearest cent and do not include spaces, currency signs, or
commas)