Intermediate Accounting (16th Edition)

Published by Wiley
ISBN 10: 1118743202
ISBN 13: 978-1-11874-320-1

Chapter 11 - Depreciation, Impairments, and Depletion - Review and Practice - Brief Exercises - Page 583: BE11-1

Answer

1. Depreciation expense FY 2017 (50,000-2,000) * 23,000/160,000 = 6,900.00 2. Depreciation Expense FY 2018 (50,000-2,000) * 31,000/160,000 = 9,300.00

Work Step by Step

As shown above.
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