Your Company purchased equipment that cost $55,000 cash on January of Year One. The equipment...
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Accounting
Your Company purchased equipment that cost $55,000 cash on January of Year One. The equipment had an expected useful life of six years and an estimated salvage value of $4,000. Your Company depreciates its assets under the straight line method. What is the amount of depreciation expense (Blank) appearing on the Year Four income statement and the amount of accumulated depreciation (Blank) appearing on the Year Four balance sheet?
DO NOT USE COMMAS IN YOUR ANSWER. Fill in the 2 blanks
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