Using the capital expenditures above, calculate the missingdepreciation numbers for all 3 years.
All equipment will be depreciated using the straight-linemethod. Everything in the table is purchased on January 1 of thefirst year (2019)
In addition, on June 30 of the 3rd year, the two iMac computersare sold for a total of $500 and two new better computers arepurchased for $4,000 total.
Capital ImprovementsExpenditure | Cost | Useful Life (Years) |
---|
Leasehold Improvements | $15,000 | 15 |
Telephone System | $2,000 | 7 |
Two iMacs with Software | $5,500 | 5 |
Epson All in One Printer | $150 | 7 |
Aficio MPC7500 | $37,800 | 5 |
Folding and Binding Machines | $400 | 5 |
Desks | $5,000 | 7 |
Copier | $3,000 | 7 |