On september 1 a company purchased a vehicle for 93000 with


Problem

On September 1, a company purchased a vehicle for $93,000 with a residual value of $7,000. The estimated useful life is 8 years and the company uses the straight line method. What is the depreciation expense for the year ended December 31?

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Accounting Basics: On september 1 a company purchased a vehicle for 93000 with
Reference No:- TGS02769933

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