Granite Company purchased a machine with cost of $32,000 and salvage value of $4,000. The life of the machine was estimated to be 5 years. Complete the depreciation schedule shown below. DEPRECIABLE SL DEPRECIATION ACCUM. ВОOK YEAR COST RATE EXPENSE DEPRECIATION VALUE 1 3 4

Granite Company purchased a machine with cost of $32,000 and salvage value of $4,000. The life of the machine was estimated to be 5 years. Complete the depreciation schedule shown below. DEPRECIABLE SL DEPRECIATION ACCUM. ВОOK YEAR COST RATE EXPENSE DEPRECIATION VALUE 1 3 4

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

ALT-SL-DEPRECIATION-SCHEDULE
Granite Company purchased a machine with cost of $32,000 and salvage value of $4,000.
The life of the machine was estimated to be 5 years.
Complete the depreciation schedule shown below.
DEPRECIABLE
SL
DEPRECIATION
ACCUM.
ВОOK
YEAR
COST
RATE
EXPENSE
DEPRECIATION
VALUE
1
2
4

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