Depreciation is computed to the nearest month and bundy, Ask an Expert

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Determination of depreciation amount.

Bundy company purchased several computerized cash registered on April 2, 2008, a total cost of 36,600. Estimated useful life of the registers is 4 years, and their total expected salvage value is $1,600. Bundy uses the straight-line method of depreciation and has a December 31 year-end. Determine the amount of depreciation expense in 2008 assuming, alternatively, that (a) depreciation is calculated to the nearest month and (b) Bundy uses the midyear convention.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9161395

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