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Calculate the equipment net of accumulated depreciation

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Reference no: EM133165936

Question - You plan on starting a lawn mowing business by investing $700 of your own money and purchase $500 of equipment. You plan to work 230 hours per month and charge your customers $21 per hour. Your anticipated costs include:

Advertising $12.00 per month

Gas $1.50 per hour

Depreciation $23.00 per month

Assistant's Wages $8.00 per hour

Miscellaneous Expenses $50.00 per month

Required - Calculate the Equipment net of Accumulated Depreciation at the end of your second month of business on the budgeted balance sheet.

Reference no: EM133165936

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