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Find rite-path consulting has a december year end

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Question 1: On April 1, 2018, London Fluid Power purchased equipment for $116,000. The equipment is expected to last 5 years and will have no residual value. London Fluid Power has a December 31 year end. In the year of purchase, the company calculated depreciation for each month the asset was owned.

Question 2: On July 1, 2018, Rite-Path Consulting purchased new computers for $16,000. The computers are expected to last 3 years and will have an estimated residual value of $800. Rite-Path Consulting has a December 31 year end.

Reference no: EM132581461

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