Check my work China Dragon purchased new restaurant equipment on September 1, 2021, for $12,000. Residual value at the end of an estimated five- year service life is expected to be $2,500o. Calculate depreciation expense using the straight-line method for 2021 and 2022, assuming a December 31 year-end. (Do not round your intermediate calculations. Round your final answers to the nearest whole dollar.) Depreciation Expense Year 2021 2022
Check my work China Dragon purchased new restaurant equipment on September 1, 2021, for $12,000. Residual value at the end of an estimated five- year service life is expected to be $2,500o. Calculate depreciation expense using the straight-line method for 2021 and 2022, assuming a December 31 year-end. (Do not round your intermediate calculations. Round your final answers to the nearest whole dollar.) Depreciation Expense Year 2021 2022
Chapter1: Financial Statements And Business Decisions
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China Dragon purchased new restaurant equipment on September 1, 2021, for $12,000. Residual value at the end of an estimated five-
year service life is expected to be $2,500.
Calculate depreciation expense using the straight-line method for 2021 and 2022, assuming a December 31 year-end. (Do not round
your intermediate calculations. Round your final answers to the nearest whole dollar.)
Depreciation
Expense
Year
2021
2022
Next
15
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