Calculating partial-year depreciation on september 30 2015, Accounting Basics

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Calculating partial-year depreciation on september 30 2015

Question: Calculating partial-year depreciation On September 30, 2015, Meggie Services purchased a copy machine for $38,000. Meggie Services expects the machine to last for four years and have a residual value of $2,000. Compute depreciation expense on the machine for the year ended December 31, 2015, using the straight-line method.

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Accounting Basics: Calculating partial-year depreciation on september 30 2015

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