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Record depreciation expense on the equipment for year eight

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Reference no: EM132494772

Point 1: Assume that Alpha Communications paid $126,000 for equipment with a 18-year life and zero expected residual value. After using the equipment for seven years, the company determines that the asset will remain useful for only five more years.

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Requirement

Question 1. Record depreciation expense on the equipment for year 8 by the straight-line method.

  • First, select the formula to calculate the company's revised depreciation expense on the equipment for year 8. Then enter the amounts and calculate the depreciation for year 8

Reference no: EM132494772

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