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H3Ko H3Ko
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Posts: 4891
7 years ago
DeLito Tax Planning Service bought production equipment for $10,200 on January 1, 2017. It has an estimated useful life of five years and zero residual value. DeLito uses the straight-line method to calculate depreciation and records depreciation expense in the books at the end of every month. As of June 30, 2017, the book value of this equipment shown on its balance sheet will be ________.
A) $10,200
B) $11,220
C) $9,180
D) $10,370
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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Posts: 1272
7 years ago
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H3Ko Author
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7 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
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4 years ago
thanks!
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4 years ago
Thanks
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3 years ago
thank you
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