Straight-line Depreciation

Question

Nov 12, 2007, 09:34 AM

be4real

New Member

Join Date: Nov 2007

Posts: 3

Straight-line Depreciation

Cost 140,000
Salvage $15,000
Life 5yr.
If a purchase was made Dec 31 of 2003 and Dec 31, 2004 to record depreciation on straight-line for each year.

Dec 31, 2003 $0
Dec 31, 2004 $18,750

Can you please tell me if this looks to be correct

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