Mathematics, 07.01.2020 04:31 montgomerykarloxc24x
Equipment was acquired at the beginning of the year at a cost of $465,000. the equipment was depreciated using the straight-line method based on an estimated useful life of 15 years and an estimated residual value of $45,000.
a. what was the depreciation for the first year?
$
b. assuming the equipment was sold at the end of the eighth year for $235,000, determine the gain or loss on the sale of the equipment.
$
loss
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Equipment was acquired at the beginning of the year at a cost of $465,000. the equipment was depreci...
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