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Calculate the amount of depreciation expense for each asset

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Question - Assume that Daniel had purchased a computer, 3,600, and office furniture, 3,000, on December 3 and 4, 2016, respectively, and that they were expected to last five years .assume that both assets have a residual value of $0.

Calculate the amount of depreciation expense for each asset for the year ended December 31, 2016, assuming the computer is depreciated using the straight line method and the office furniture is depreciated using the double declining balance method.

Record the entry for the one month's depreciation.

Reference no: EM132282238

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