Nash Company Purchased A Machine On July 1 2021 For 28 560 Nash Paid 204 In Title Fees And County Property Tax Of 1 (15.36 KiB) Viewed 43 times
Nash Company Purchased A Machine On July 1 2021 For 28 560 Nash Paid 204 In Title Fees And County Property Tax Of 2 (14.59 KiB) Viewed 43 times
Nash Company purchased a machine on July 1, 2021. for $28.560. Nash paid $204 in title fees and county property tax of $128 on the machine. In addition, Nash paid $510 shipping charges for delivery, and $485 was paid to a local contractor to build and wire a platform for the machine on the plant floor. The machine has an estimated useful life of 6 years with a salvage value of $3,060. Determine the depreciation base of Nash's new machine, Nash uses straight line depreciation Depreciation base $
Swifty Company purchased a computer for $8.240 on January 1, 2019. Straight line depreciation is used, based on a 5-year life and a $1,030 salvage value. On January 1, 2021, the estimates are revised. Swifty now feels the computer will be used until December 31, 2022, when it can be sold for $515. Compute the 2021 depreciation (Round answer to decimal places, c.8. 45,892.) Depreciation expense 2021 $
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