Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the december 31,2020 balance sheet of bridgeport c

The December 31,2020 balance sheet of Bridgeport Company showed Equipment of $81,000 and Accumulated Depreciation...

50.1K

Verified Solution

Question

Accounting

image
image
The December 31,2020 balance sheet of Bridgeport Company showed Equipment of $81,000 and Accumulated Depreciation of $13,000. On January 1,2021, the company decided that the equipment has a remaining useful life of 6 vears with a $5,000 salvage value. (a) Compute the depreciable cost of the equipment. Depreciable cost Compute the depreciable cost of the equipment. Depreciable cost (b). Compute the revised annual depreciation. Revised annual depreciation

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

LAW Use IRAC format : George , a logger and Andrew , a farmer , entered into...

General Management
Q

I am supposed to provide verbiage (shown below) and a chart to support the verbiage. I...

Accounting
Q

What must happen to the pyruvate molecules before entering the Krebs cycle?a) It has to...

Biology
Q

B Two towers on top of two hills are 40 km apart The line joining...

Physics
Q

4 Find inverse of the matrix 1 3 3 A 1 4 3 C

Calculus
Q

Use the given function f to answer parts (a) through (f) below.Xf(x) = 4 +5TA....

Calculus
Q

JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS At December 30, 2018 and...

Accounting
Q

Problem 14-8 On December 31, 2017, Marigold Company acquired a computer from Plato Corporation by...

Accounting
Q

The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2017: ZIGBY...

Accounting
Q

Conglomco has a beta of 0.32. If the market return is expected to be 12...

Accounting
Q

i need the answer quickly The present value of a cash-1 flow decreases as...

Accounting
Q

Assume you are in the 30 percent tax bracket and purchase a 9.0 percent municipal...

Finance