Levels Tought:
Elementary,Middle School,High School,College,University,PHD
Teaching Since: | May 2017 |
Last Sign in: | 304 Weeks Ago, 3 Days Ago |
Questions Answered: | 66690 |
Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
New fitness equipment was purchased on July 1, 20x2. Terms of purchase Initial cash payment $40,000 A 5 year non-interest bearing note $450,000 Annual interest rate considered appropriate 6% The new fitness equipment has an estimated life of 8 years; the estimated residual value is 15% of original cost. Record the purchase of fitness equipment on July 1, 20x2 Record the depreciation on fitness equipment Show all work and amortization schedule
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