How much is depreciation expense for 2015, Accounting Basics

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How much is depreciation expense for 2015

Lexis company purchased equipment on Janu 1, 2012 for 35,000 the estimated useful life of the equipment was 7 years and the estimated residual value was 4,000 After using the straight line method of depreciation for 3 years the estimated useful life was revised to 9 years on January 1, 2015. How much is depreciation expense for 2015?

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Accounting Basics: How much is depreciation expense for 2015

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Accounting Basics: How much is depreciation expense for 2015

Reference No:- TGS0706513

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Recent Questions Asked Accounting Basics

Q : Describe the annual net cash inflows that will be provided

Q : Prepare the journal entries to record the conversion

Q : Why amount of the travel costs can melissa deduct

Q : Why the joses cost basis for the delivery van

Q : How much is depreciation expense for 2015

Q : What is bobs basis in the warehouse and in the land

Q : What is the total amount of the start-up costs

Q : What is the amount and character of the gain or loss moran

Q : Determine the kens total tax due because of the sale

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How much is depreciation expense for 2015

Reference No:- TGS0706513

Recent Questions Asked Accounting Basics

Q : Describe the annual net cash inflows that will be provided

Q : Prepare the journal entries to record the conversion

Q : Why amount of the travel costs can melissa deduct

Q : Why the joses cost basis for the delivery van

Q : How much is depreciation expense for 2015

Q : What is bobs basis in the warehouse and in the land

Q : What is the total amount of the start-up costs

Q : What is the amount and character of the gain or loss moran

Q : Determine the kens total tax due because of the sale

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