Maurice Tutor

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About Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 6 Days Ago
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 06 Apr 2018 My Price 4.00

Romero Company

On January 1, 2019, Romero Company purchased equipment for $320,000.
The equipment was assigned an $18,000 residual value and a 16-year
life. Romero Company will use the straight-line method to depreciate
the equipment. On January 1, 2026, Romero Company spent $41,000 to
overhaul the equipment. This capital expenditure resulted in Romero
Company changing the life of the equipment from 16 years to 30 years
and adjusting the residual value to be $7,500 at the end of the 30
years.
Calculate the book value of the equipment at December 31, 2028.

Answers

Maurice Tutor
(5)
Status NEW Posted 06 Apr 2018 03:04 PM My Price 4.00

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