Company zeta bought new office furniture in the year 2000, Ask an Expert

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Company Zeta bought new office furniture in the year 2000. The purchase cost was 64086 dollars and in addition it had to spend 14102 dollars for installation. The furniture has been in use since April 21st, 2000. Zeta forecasted that in 2015 the office furniture would have a net salvage value of $1000. Using the US Accelerated Depreciation Schedule, estimate the value of depreciation recorded in the accounting books in the year 2004 if the company decided to sell the furniture on June 5th.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9948464

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