blessed38
Oct 9, 2011, 08:31 PM
The equipment was purchased in 2009 and is being depreciated using the straight - line method over an eight-year useful life with no salvage value.
Equipment accumulated Depreciation-equip
Debit credit
75,000
Debit Credit
10,000
I am not sure if I am doing the calculation correctly. 75000/96 or 10000/96
How can I calculate without purchase price or salvage value?
Equipment accumulated Depreciation-equip
Debit credit
75,000
Debit Credit
10,000
I am not sure if I am doing the calculation correctly. 75000/96 or 10000/96
How can I calculate without purchase price or salvage value?