Calculate depreciation expense and book value


On January 1, 2009, Boston Company purchased a heavy duty machine having an invoice price of $13,000; Boston paid transportation and installation costs totaling $3,000. The machine is estimated to have a 4-year useful life and a $1,000 residual value. Calculate depreciation expense and book value for 2009-2012, assuming 150% declining-balance method of depreciation.

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Accounting Basics: Calculate depreciation expense and book value
Reference No:- TGS050453

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