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The Blue Hat Co. purchased new equipment at a total cost of $202,600. The equipment will be used in their new factory for an estimated 12 years. It is estimated that the equipment will only be worth $7,200 in 12 years. The Blue Hat Co. must calculate the depreciation for this new equipment for its year ended December 31. The new equipment was purchased and put in use on May 1, 2019.
Problem A. Calculate the depreciation expense for the Blue Hat Co. for this new equipment for year ended December 31, 2019
Problem B. Calculate the depreciation expense for the Blue Hat Co. for this new equipment for year ended December 31, 2020
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