Swallow Ltd.takes a full year's depreciation expense in the year of an asset's acquisition and no depreciation expense in the year of disposition.Data relating to one of Swallow's pieces of equipment at December 31, 2018 are as follows: Using the same depreciation method that was used in 2016, 2017, and 2018, how much depreciation expense should be recorded in 2019 for this asset?

Question

Swallow Ltd.takes a full year's depreciation expense in the year of an asset's acquisition and no depreciation expense in the year of disposition.Data relating to one of Swallow's pieces of equipment at December 31, 2018 are as follows:  Using the same depreciation method that was used in 2016, 2017, and 2018, how much depreciation expense should be recorded in 2019 for this asset?

Quizplus · Accepted Answer

The Answer of Swallow Ltd.takes a full year's depreciation expense in the year of an asset's acquisition and no depreciation expense in the year of disposition.Data relating to one of Swallow's pieces of equipment at December 31, 2018 are as follows:  Using the same depreciation method that was used in 2016, 2017, and 2018, how much depreciation expense should be recorded in 2019 for this asset?