January your company purchased the following equipment. How much you depreciate for the fiscal year ending in 2020 when you have your CPA (certified plic accountant) file your tax return on April 15, 2021 assuming a straight-line preciation method? How much will you have depreciated total as of this point in time? at are the remaining book values for each piece of equipment? 1. Dump truck, 1,000,000 birr expected resale value of 200,000 birr 2. Backhoe, 2,800,000 birr, resale 400,000 birr

Structural Analysis
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ISBN:9781337630931
Author:KASSIMALI, Aslam.
Publisher:KASSIMALI, Aslam.
Chapter2: Loads On Structures
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3. On January 1 of 2017, your company purchased the following equipment. How much
will you depreciate for the fiscal year ending in 2020 when you have your CPA (certified
public accountant) file your tax return on April 15, 2021 assuming a straight-line
depreciation method? How much will you have depreciated total as of this point in time?
What are the remaining book values for each piece of equipment?
1. Dump truck, 1,000,000 birr expected resale value of 200,000 birr
2. Backhoe, 2,800,000 birr, resale 400,000 birr
3. Five computers, 10,000 birr each, no resale value
4. Flatbed trailer, 750,000 birr, resale $100,000 birr
5. Five pickup trucks, 300,000 birr each, 20,500 birr resale value each
6. Two construction jobsite trailers, 200,000 birr each, 50,000 birr resale value each
Transcribed Image Text:3. On January 1 of 2017, your company purchased the following equipment. How much will you depreciate for the fiscal year ending in 2020 when you have your CPA (certified public accountant) file your tax return on April 15, 2021 assuming a straight-line depreciation method? How much will you have depreciated total as of this point in time? What are the remaining book values for each piece of equipment? 1. Dump truck, 1,000,000 birr expected resale value of 200,000 birr 2. Backhoe, 2,800,000 birr, resale 400,000 birr 3. Five computers, 10,000 birr each, no resale value 4. Flatbed trailer, 750,000 birr, resale $100,000 birr 5. Five pickup trucks, 300,000 birr each, 20,500 birr resale value each 6. Two construction jobsite trailers, 200,000 birr each, 50,000 birr resale value each
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