Buff company purchased equipment for 500000 cash on july 1

Reference no: EM13598210

Buff Company purchased equipment for $500,000 cash on July 1, 2006. The estimated life is 5 years or 1,000,000 units; salvage value is estimated at $50,000. Actual activity was 180,000 units in 2004 and 200,000 units in 2006.

Instructions Compute the annual depreciation expense for 2006 and 2007, and book value at December 31, 2007, under the straight-line method.

2006 depreciation = $

2007 depreciation = $

12/31/07 book value = $

Reference no: EM13598210

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Buff company purchased equipment for 500000 cash on july 1 : buff company purchased equipment for 500000 cash on july 1 2006. the estimated life is 5 years or 1000000 units salvage

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Buff company purchased equipment for 500000 cash on july 1

Reference no: EM13598210

Reference no: EM13598210

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