2.4 Company A acquired equipment on 01.01.2020 to 320000 €. The equipment had an estimated useful life of 10 years and an estimated residual value of 25.000 €. On 01.01.20X3, company A reassessed that the useful life of the equipment remaining from 01.01.20X3 onwards is 5 years and the estimated residual value is 20.000 €. Calculate the depreciation output for the year ending 31.12.20X3, if A uses the fixed depreciation method for the calculation of depreciation.

2.4 Company A acquired equipment on 01.01.2020 to 320000 €. The equipment had an estimated useful life of 10 years and an estimated residual value of 25.000 €. On 01.01.20X3, company A reassessed that the useful life of the equipment remaining from 01.01.20X3 onwards is 5 years and the estimated residual value is 20.000 €. Calculate the depreciation output for the year ending 31.12.20X3, if A uses the fixed depreciation method for the calculation of depreciation.

Name: 2.4 Company A acquired equipment on 01.01.2020 to 320000 €. The equipm
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Description: 2.4 Company A acquired equipment on 01.01.2020 to 320000 €. The equipment had an estimated useful life of 10 years and an estimated residual value of 25.000 €. On 01.01.20X3, company A reassessed that the useful life of the equipment remaining from 0

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter11: Depreciation, Depletion, Impairment, And Disposal

Section: Chapter Questions

Problem 14RE: (Appendix 11.1) Auburn Company purchased an asset on January 1, Year 1, for 150,000. The asset has a...

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