Asked by kim
The ABC Company has a policy to capitalize an asset with a threshold of $5,000 per item or a project/program. The ABC Company has an ongoing rolling replacement project/program to replace 20% of all computers annually. In addition, the ABC Company uses straight line method, with a useful life of five year for the computers, and a half year convention. In fiscal year 2017, the ongoing project costs was $100,000. What is the depreciation expense for the fiscal year 2017?
Answers
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.