Historical cost of equipment is $27,000. Calculate depreciation expense, accumulated depreciation, and book value for two...

Historical cost of equipment is $27,000. Calculate depreciation expense, accumulated depreciation, and book value for two years. Useful life is 4 years.

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Expert Solution

Depreciation expense for each year = Cost / life years

= $27,000 / 4

= $6,750

Depreciation schedule

Year	Depreciation expense	Accumulated depreciation	Book value
1	6750	6750	(27000 – 6750 =) 20250
2	6750	(6750 + 6750 =) 13500	(27000 – 13500 =) 13500

ekkarill92 answered 1 year ago

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