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On January 1, 2019, Bithe Smarney & Co. purchased $35,500 worth of office equipment with an estimated useful life of sev
Posted: Wed Jul 06, 2022 6:12 am
by answerhappygod
- On January 1 2019 Bithe Smarney Co Purchased 35 500 Worth Of Office Equipment With An Estimated Useful Life Of Sev 1 (40.97 KiB) Viewed 10 times
- On January 1 2019 Bithe Smarney Co Purchased 35 500 Worth Of Office Equipment With An Estimated Useful Life Of Sev 2 (40.97 KiB) Viewed 10 times
On January 1, 2019, Bithe Smarney & Co. purchased $35,500 worth of office equipment with an estimated useful life of seven years and an estimated residual value of $4,000. Bithe Smarney uses the straight-line method of amortization for all office equipment. At the beginning of 2022, Bithe Smarney revised its estimate of the useful life of the office equipment to a total of eight years. The 2022 amortization expense is: $3,600. $4,400. $2,000. $3,000.