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21 March, 08:31

Maxwell tax planning service bought communications equipment for $ 10 comma 800 on january 1, 2019. The equipment has an estimated useful life of five years and zero residual value. Maxwell uses the straightminusline method to calculate depreciation and records depreciation expense in the books at the end of each month. As of june 30, 2019, the balance in the accumulated depreciation account for this equipment is

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  1. 21 March, 08:47
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    As of june 30, 2019, the balance in the accumulated depreciation account for this equipment is $1080

    Explanation:

    Cost Annual Dep. Monthly

    Jan-19 10800 2160 180

    fen-19 180

    mar-19 180

    apr-19 180

    may-19 180

    jun-19 180

    1080
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