Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman

Exercise 57

Oxford Manufacturing, Inc., purchased new equipment totaling $648,000. Shipping charges were $2,200, and installation amounted to $1,800. The equipment is expected to last 4 years and have a residual value of $33,000. If the company elects to use the straight-line method of depreciation, prepare a depreciation schedule for these assets.