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20 April, 16:41

During 2015, equipment with a book value of $40,000 and an original cost of $210,000 was sold at a loss of $3,000. how much depreciation expense was recorded on equipment during 2015?

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  1. 20 April, 17:09
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    How much depreciation expense was recorded on equipment during 2015? $10000

    Explanation:

    Year Cost monthly Dep NBV

    Year 1 210000 10000 200000

    Year 2 200000 10000 190000

    Year 3 190000 10000 180000

    Year 4 180000 10000 170000

    Year 5 170000 10000 160000

    Year 6 160000 10000 150000

    Year 7 150000 10000 140000

    Year 8 140000 10000 130000

    Year 9 130000 10000 120000

    Year 10 120000 10000 110000

    Year 11 110000 10000 100000

    Year 12 100000 10000 90000

    Year 13 90000 10000 80000

    Year 14 80000 10000 70000

    Year 15 70000 10000 60000

    Year 16 60000 10000 50000

    Year 17 50000 10000 40000

    Year 18 40000 10000 30000

    Year 19 30000 10000 20000

    Year 20 20000 10000 10000

    Year 21 10000 10000 0
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