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Ajax Company bought equipment for $2,500. The company estimates that the equipment’s period of useful life...

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Accounting

Ajax Company bought equipment for $2,500. The company estimatesthat the equipment’s period of useful life will be 5 years. After 5years the residual value is $500. Calculate depreciation expenseand complete a depreciation schedule

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4.3 Ratings (923 Votes)
Using Straight line method Straight line Method A Cost 250000 B Residual Value 50000 CA B Depreciable base 200000 D Life in years left 5 ECD Annual SLM depreciation 40000    See Answer
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