The December 31,2020 balance sheet of Bridgeport Company showed Equipment of $81,000 and Accumulated Depreciation...
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The December 31,2020 balance sheet of Bridgeport Company showed Equipment of $81,000 and Accumulated Depreciation of $13,000. On January 1,2021, the company decided that the equipment has a remaining useful life of 6 vears with a $5,000 salvage value. (a) Compute the depreciable cost of the equipment. Depreciable cost Compute the depreciable cost of the equipment. Depreciable cost (b). Compute the revised annual depreciation. Revised annual depreciation
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