Categories: Quick Homework

treated as if purchased on the first day of the month.  The building’s scrap value is $8,000. The o

treated as if purchased on the first day of the month.  The building’s scrap value is $8,000. The office equipment has a scrap value of $500.The computer equipment has no scrap value.  Calculate the depreciation for one month. AnswerCost of BuildingScrap ValueDepreciation = $20,000=$8,000= Cost price – Scrap ValueNo. of years= $20,000 – $8,00031.5=$381Depreciation for 1month =$381*1/12=$31.74 or rounded off…

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