Solution-Compute the depreciation expense for each of the

Compute the depreciation expense for each of the four years

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Reference no: EM13928450

On January 1, 2013, Food Storage Company purchased a freezer and related installation equipment for $38,000. The equipment had a three year estimated life with a $5,000 salvage value. Straight line depreciation was used. At the beginning of 2015, Food Storage revised the expected life of the asset to four years rather than three years. The salvage value was revised to $2,000.

Required:

Compute the depreciation expense for each of the four years, 2013-2016.

Reference no: EM13928450

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Compute the depreciation expense for each of the four years

Reference no: EM13928450

Reference no: EM13928450

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