Kansas enterprises purchased equipment for 79500 on january, Ask an Expert

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Kansas Enterprises purchased equipment for $79,500 on January 1, 2012. The equipment is expected to have a five-year life, with a residual value of $7,650 at the end of five years.Using the straight-line method, depreciation expense for 2013 and the book value at December 31, 2013 would be?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9950567

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