Using the same depreciation method as used in 2009 2010 and, Ask an Expert

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Hahn Co. takes a full year's depreciation expense in the year of an asset's acquisition and no depreciation expense in the year of disposition. Data relating to one of Hahn's depreciable assets at December 31, 2011 are as follows:
Acquisition year 2009
Cost $140,000
Residual value 20,000
Accumulated depreciation 96,000
Estimated useful life 5 years
Using the same depreciation method as used in 2009, 2010, and 2011, how much depreciation expense should Hahn record in 2012 for this asset?

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Accounting Basics, Accounting

Category:- Accounting Basics
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