subject
Business, 04.12.2019 02:31 bzhsh8282

Fellingham corporation purchased equipment on january 1, 2019, for $200,000. the company estimated the equipment would have a useful life of 10 years with a $20,000 residual value. fellingham uses the straight-line depreciation method. early in 2021, fellingham reassessed the equipment's condition and determined that its total useful life would be only six years in total and that it would have no salvage value. how much would fellingham report as depreciation on this equipment for 2021?

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 23:30
Which type of market are you in if your company, along with three other companies, controls 95 percent of the total music industry?
Answers: 3
question
Business, 22.06.2019 04:10
You are head of the schwartz family endowment for the arts. you have decided to fund an arts school in the san francisco bay area in perpetuity. every 5 years, you will give the school $ 1 comma 000 comma 000. the first payment will occur 5 years from today. if the interest rate is 5.9 % per year, what is the present value of your gift?
Answers: 1
question
Business, 22.06.2019 18:00
What is the cause of smoky exhaust?
Answers: 1
question
Business, 22.06.2019 18:50
Dominic is the founder of an innovative "impromptu catering" business that provides elegant, healthy party food and decorations on less than 24 hours' notice. the company has grown by over 150 percent in the past year. dominic credits some of the company's success to studying the strategies of prominent social entrepreneurs, such as wikipedia's jimmy wales. what can dominic do to exemplify the social entrepreneurship model?
Answers: 2
You know the right answer?
Fellingham corporation purchased equipment on january 1, 2019, for $200,000. the company estimated t...
Questions
question
Mathematics, 13.07.2019 08:30
question
English, 13.07.2019 08:30