How much depreciation expense will access company

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Problem 1: On January 1, 2010, Access Company purchased a new computer system for $15,000. The estimated useful life of the computer system was five years, with an estimated salvage value of $3,000. Using straight-line depreciation, how much depreciation expense will Access Company include on the income statement for the year ended December 31, 2011? Determine the book value of the asset on December 31, 2011.

Reference no: EM132646991

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