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[SOLVED]The Andrews Company has just purchased $59,328,000 of plant and equipment that has an estimated useful life of 15 years.

The Andrews Company has just purchased $59,328,000 of plant and equipment that has an estimated useful life of 15 years. The expected salvage value at the end of 15 years is $5,932,800. What will the depreciation expense for this purchase (exclude all other plant and equipment) be for the second year of use? (Use FASB GAAP)

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  •  $7,910,400
  •  $3,955,200
  •  $7,119,360
  •  $3,559,680



honeyd


29-03-21 | 15:48:40

depreciation= [asset-salvage value]/number of years
=[59328000-5932800]/15
=3559680

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