Determine the depreciation using straight-line methods


Computer equipment was acquired at the beginning of the year at a cost of $53,440.00 that has an estimated residual value of $2,016.00 and an estimated useful life of 3 years. Determine the 2nd year's depreciation using straight-line depreciation.

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Accounting Basics: Determine the depreciation using straight-line methods
Reference No:- TGS0706178

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