Depreciation and disposal-a comprehensive problem
Domino,Inc uses straight-line depreciation with a half-year convention in its financial statements.On March 10,2018,Domino acquired a computer system at a cost of $98,800.Estimated useful life is six years,with residual value of $5,200.
(a)Complete the following schedule,showing depreciation expense Domino expects to recognize each year in the financial statements.
(b)Assume Domino sells the computer system on October 3,2021,for $26,650.

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Depreciation and disposal-a comprehensive problem
Domino,Inc uses straight-line depreciation with a half-year convention in its financial statements.On March 10,2018,Domino acquired a computer system at a cost of $98,800.Estimated useful life is six years,with residual value of $5,200.
(a)Complete the following schedule,showing depreciation expense Domino expects to recognize each year in the financial statements.
  (b)Assume Domino sells the computer system on October 3,2021,for $26,650.

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The Answer of Depreciation and disposal-a comprehensive problem
Domino,Inc uses straight-line depreciation with a half-year convention in its financial statements.On March 10,2018,Domino acquired a computer system at a cost of $98,800.Estimated useful life is six years,with residual value of $5,200.
(a)Complete the following schedule,showing depreciation expense Domino expects to recognize each year in the financial statements.
  (b)Assume Domino sells the computer system on October 3,2021,for $26,650.

Depreciation and Disposal-A Comprehensive Problem