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On January 1 of the current year, the Oleg Konisovskiy Company purchased machinery for $127,000....

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Accounting

On January 1 of the current year, the Oleg Konisovskiy Company purchased machinery for $127,000. The machinery has an estimated useful life of 5 years and an estimated salvage value of $7,000. Complete the depreciation schedule below.
Each formula in column D must include the SLN function.
Cost $127,000
Salvage $7,000
Life (in years) 5
Year January 1 book value Depreciation Expense Accumulated Depreciation December 31 book value
1 $127,000
2
3
4
5

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