On April 1, 2016, Cyclone's Backhoe Co. purchases a trencher for $290,000. The machine is...
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Accounting
On April 1, 2016, Cyclone's Backhoe Co. purchases a trencher for $290,000. The machine is expected to last five years and have a salvage value of $45,000.
Compute depreciation expense for both years ending December 2016 and 2017 assuming the company uses the straight-line method.
Choose Numerator:
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Choose Denominator:
=
Annual Depreciation
/
=
Annual depreciation
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Year
Annual Depreciation
x
Fraction of Year
=
Depreciation Expense
2016
x
2017
x
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