Company Zeta bought new office furniture in the year 2000. The purchase cost was 97972 dollars and in addition it had to spend 13926 dollars for installation. The furniture has been in use since April 21st, 2000. Zeta forecasted that in 2015 the office furniture would have a net salvage value of $1000. Using the US Accelerated Depreciation Schedule, estimate the value of depreciation recorded in the accounting books in the year 2004 if the company decided to sell the furniture on June 5th (of 2004). (note: round your answer to the nearest cent and do not include spaces, currency signs, or commas)
CORRECT ANSWER: 4996.25
In: Accounting
Using professional, personal, or academic experience, describe an ethical situation you encountered or an ethical situation encountered and how it was handled.
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(Write a detailed and brief answer)
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Academic Core Vocabulary
landmarks
monuments
modals
active voice
passive voice
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