Bookmarks Window Help ??10% a newconnect.mheducation.com Google Apple netflix Wi

Question

Bookmarks Window Help ??10% a newconnect.mheducation.com Google Apple netflix Wikipedia youtube rdirecta Facebook footbie Yelp directvnow zeekgps pearson dragon-ball-spr LV sh dita speedtes Connect Air Jordan, Nike, adidas, Supreme & Other Fo Air Jordan 1 Hi Retro "Think 16 sessment G Saved Help Save & Exit Sub Cutter Enterprises purchased equipment for $84,000 on January 1, 2018. The equipment is expected to have a five- year life and a residual value of $5,700 Using the straight-line method, depreciation for 2019 and the equipment's book value at December 31, 2019, would be: 32 Multiple Choice $15,660 and $52,680 respectively $15,660 and $46,980 respectively $16,800 and $67,200 respectively $33,600 and $50,400 respectively

Explanation / Answer

Calculate depreciation expense and book value on december 31,2019

Depreciation expense = (84000-5700/5) = 15660

Accumlated dep = 15660*2 = 31320

Book value on december 31,2019 = 84000-31320 = 52680

so answer is a) 15660 and 52680 respectively

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