On may 1 2010 pinkley company sells office furniture for, Ask an Expert

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On May 1, 2010, Pinkley Company sells office furniture for $90,000 cash. The office furniture originally cost $225,000 when purchased on January 1, 2003. Depreciation is recorded by the straight-line method over 10 years with a salvage value of $22,500. What depreciation expense should be recorded on this asset in 2010?

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Category:- Accounting Basics
Reference No.:- M9950043

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