The following information applies to the questions displayed below.
The following events apply to Gulf Seafood for the Year fiscal year:
The company started when it acquired $ cash by issuing common stock.
Purchased a new cooktop that cost $ cash.
Earned $ in cash revenue.
Paid $ cash for salaries expense.
Adjusted the records to reflect the use of the cooktop. Purchased on January Year the cooktop has an expected
useful life of four years and an estimated salvage value of $ Use straightline depreciation. The adjustment was
made as of December Year
b What amount of depreciation expense would Gulf Seafood report on the Year income statement?
C What is the accumulated depreciation?
