Solution-Determine the depreciation expense for the year

Determine the depreciation expense for the year

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Reference no: EM133109624

Question - Kylie's Kitchen purchased several pieces of equipment during 20X6. The purchase date, item, cost, useful life, and salvage value are as follows:

Date	Item	Cost	Useful Life	Salvage Value
January 1	Cash register	$1,800	5 years	$500
March 1	10 8-top tables	2,500	10 years	500
July 1	Van	30,000	5 years	3,000
September 16	Range	4,500	7 years	800

Required - Determine the depreciation expense for the year of 20X6 for each piece of equipment purchased. Use the straight-line method of depreciation.

Reference no: EM133109624

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Determine the depreciation expense for the year

Reference no: EM133109624

Reference no: EM133109624

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