Question

Use the straight line amortization method. Equipment amortizes 20 percent per year. Trial Balance for March 31, 2005 shows equipment worth $90,030.

Feb 22, 2007

Related Questions

On March 1, 2008, five-year bonds are sold for $254,013 that have a face value of $250,000 and an in... Thomson Media is considering some new equipment whose data are shown below. The equipment has a 3 y... a new piece of equipment cost $18,000 with a residual value of $600 and an estimated useful life of...