Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 10 Aug 2017 My Price 4.00

straight line depreciation

13. A company purchased $150,000 worth of production equipment on April 1. Management decided to depreciate the equipment over four years using straight line depreciation. The salvage value is $30,000. The company uses a calendar year as its fiscal year. What is the impact on the financial statements for fiscal year 2 from this purchase? A. Accumulated depreciation will be recorded as $75,000. B. Depreciation expense will be $37,500. C. Accumulated depreciation will be recorded as $60,000. D. Depreciation expense will be $30,000. please explain work

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Maurice Tutor
(5)
Status NEW Posted 10 Aug 2017 09:08 PM My Price 4.00

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