Total depreciation expense for the current year

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Reference no: EM131206512

Cardco Inc. has an annual accounting period that ends on December 31. During the current year a depreciable asset that cost $43,500 was purchased on September 2. The asset has a $4,300 estimated salvage value. The company uses straight-line depreciation and expects the asset to have a five-year life. What is the total depreciation expense for the current year?

Reference no: EM131206512

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What is the total depreciation expense for the current year : Cardco Inc. has an annual accounting period that ends on December 31. During the current year a depreciable asset that cost $43,500 was purchased on September 2. The asset has a $4,300 estimated salvage value. The company uses straight-line depreciat..

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