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Calculate Tan Chin depreciation expense

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Question - Tan Chin Company purchased a piece of equipment that cost $205,000 on January 1, 2018. The equipment consisted of three incompetents:

Component

Cost

Residual Value

Estimated Useful Life

ABC

$70,000

$6,000

10 years

DEF

50,000

4,000

5 years

XYZ

85,000

7,000

12 years

Calculate Tan Chin's depreciation expense for this equipment at December 31, 2018.

Reference no: EM132428809

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