The Horticulture Society of Calgary (HSC), a not-for-profit organization reporting under ASNPO has a January...
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The Horticulture Society of Calgary (HSC), a not-for-profit organization reporting under ASNPO has a January 31, 2021 year-end. On May 1, 2020, it received a donation of equipment with a fair value of $117,000. The equipment is estimated to have a useful life of 8 years, with a residual value estimated to be $5,000. What is the depreciation for the current fiscal year? $14,625 $10,969 $10,500 $14,000
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