Business, 09.03.2020 20:44 divine134

Company Omega bought new petroleum refining equipment in the year 2000. The purchase cost was 168,995 dollars and in addition it had to spend 16,394 dollars for installation. The refining equipment has been in use since February 1st, 2000. Omega forecasted that in 2030 the equipment would have a net salvage value of $10,000. Using the US Straight Line Depreciation Schedule, estimate the value of depreciation recorded in the accounting books in the year 2004 if the company decided to sell the equipment on August 5th (of 2004). (note: round your answer to the nearest cent and do not include spaces, currency signs, or commas)

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Company Omega bought new petroleum refining equipment in the year 2000. The purchase cost was 168,99...

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