(Answered) Question - el tapitio purchased restaurant furniture on

Accounting

Question - El Tapitio purchased restaurant furniture on September 1, 2015, for $30,000. Residual value at the end of an estimated 10-year service life is expected to be $4,500.

Calculate depreciation expense for 2015 and 2016, using the straight-line method, and assuming a December 31 year-end.

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