In early january 2009 sanchez builders purchases equipment

Reference no: EM13606544

In early January 2009, Sanchez Builders purchases equipment for $102,000 to use in operating activities for the next five years. It estimates the equipment's salvage value at $21,000.

Required: Prepare a table showing depreciation and book value for each of the five years assuming straight-line depreciation.

Year Annual Depreciation Year-End Book Value
2009
2010
2011
2012
2013
Total

Reference no: EM13606544

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In early january 2009 sanchez builders purchases equipment

Reference no: EM13606544

Reference no: EM13606544

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