Compute the depreciation expense

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Depreciation Expense

During 2014, Bush Company acquired three assets with the following costs, estimated useful lives, and estimated salvage values:

Date

Asset

Cost Estimated

Useful Life Estimated

Salvage Value February 27Truck$25,120 4 years$4,000 June 22Computer33,000 6 years 3,000 November 6Building302,000 30 years 50,000 The company uses the straight-line method to depreciate all assets and computes depreciation to the nearest month. For example, the computer system will be depreciated for six months in 2014.

Required: Compute the depreciation expense that Bush will record on each of the three assets for 2014. Do not round intermediate calculations. If required, round your answers to the nearest dollar.

Reference no: EM131561208

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