DeltaTech uses the straight-line method. Assets purchased between the 1st and 15th of the month are depreciated for the entire month; assets purchased after the 15th of the month are treated as though they were acquired the following month. On September 18, 20X3, DeltaTech purchases a scanner for $12,000, which it expects to last for 6 years. DeltaTech expects the scanner to have a residual value of $3,000. What is the 20X4 depreciation expense for the scanner?

DeltaTech uses the straight-line method. Assets purchased between the 1st and 15th of the month are depreciated for the entire month; assets purchased after the 15th of the month are treated as though they were acquired the following month. On September 18, 20X3, DeltaTech purchases a scanner for $12,000, which it expects to last for 6 years. DeltaTech expects the scanner to have a residual value of $3,000. What is the 20X4 depreciation expense for the scanner?

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter19: Accounting For Plant Assets, Depreciation, And Intangible Assets

Section: Chapter Questions

Problem 1CP

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