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how much Depreciation Expense should Bean record in total for all of it's long-term assets on December 31st? 2/1/20 $      3,410,000 purchased   $      2,950,000 net identifiable 4/30/20 $         101,400 patent     17 legal life     9 useful life   7/1/20 $         120,000 legal fee     10 life of trademark 9/1/20 $           57,000 experimental purposes 10/1/20 $           88,000 new part     8 useful life     0 salvage value   $         208,000 book value     straight line 12/31/20 $           13,400 original cost   $             4,800 book value   $           12,500 new machine   $           20,200 fair value             URGent solve please

how much Depreciation Expense should Bean record in total for all of it's long-term assets on December 31st? 2/1/20 $      3,410,000 purchased   $      2,950,000 net identifiable 4/30/20 $         101,400 patent     17 legal life     9 useful life   7/1/20 $         120,000 legal fee     10 life of trademark 9/1/20 $           57,000 experimental purposes 10/1/20 $           88,000 new part     8 useful life     0 salvage value   $         208,000 book value     straight line 12/31/20 $           13,400 original cost   $             4,800 book value   $           12,500 new machine   $           20,200 fair value             URGent solve please

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter11: Long-term Assets
Section: Chapter Questions
Problem 8PA: Referring to PA7 where Kenzie Company purchased a 3-D printer for $450,000, consider how the...
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how much Depreciation Expense should Bean record in total for all of it's long-term assets on December 31st?

2/1/20 $      3,410,000 purchased
  $      2,950,000 net identifiable
4/30/20 $         101,400 patent  
  17 legal life  
  9 useful life  
7/1/20 $         120,000 legal fee  
  10 life of trademark
9/1/20 $           57,000 experimental purposes
10/1/20 $           88,000 new part  
  8 useful life  
  0 salvage value
  $         208,000 book value
    straight line
12/31/20 $           13,400 original cost
  $             4,800 book value
  $           12,500 new machine
  $           20,200 fair value  
     

 

 

URGent solve please 

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