The fixed assets have estimated useful lives as follows:
Building-31.5yrs
computer equipment-5.0yrs
office equipment -7.0yrs
use the straight-line method of depreciation. management has decided that assets purchased during a month are treated as if purchased on the first day of the month. the building’s scrap value is $500.00.
The office equipment has a scrap value of $400.00. The computer equipment has no scrap value. calculate the depreciation for one month.
computer equipment : 37500
Office equipment: 1250
building:18000
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