Compute the depreciation expense for year

Reference no: EM131100168

The ABC Company, located in Boston, purchases a piece of equipment from a dealer in Chicago for $75,000. The cost of shipping the equipment, $6,000, will be paid for by ABC Co. It is estimated that the asset will last ten years and at the end of its useful life will have a salvage value of $13,000. When the equipment arrives it has to be set up and adjusted, at a cost of $12,000. Required Compute the depreciation expense for year one and year two (do each year separately) using.

Reference no: EM131100168

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