Nutra Feed Supplements purchased a new hammer mill on July 1, 2019 for: $52,000 Use...
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Nutra Feed Supplements purchased a new hammer mill on July 1, 2019 for: $52,000 Use straight line depreciation assuming a useful life of: 8 years and salvage: $4,000 On July 1, 2022, Agro purchased a bagger option for the hammer mill: $10,800 The precision monitor gives the testing station a new useful life from today of 8 years The new salvage value is $2,800 Assume a calendar year fiscal year end. a ) Calculate the amount to depreciate for the future: b) Prepare the final 2022 depreciation entry: c) Prepare the 2023 depreciation entry:
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