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On April 8, 2015, Juniper Corp. acquired equipment at a cost of $480,000. The equipment is to be depreciated by the straight-line method over 6 years...

On April 8, 2015, Juniper Corp. acquired equipment at a cost of $480,000. The equipment is to be depreciated by the straight-line method over 6 years with no provision for salvage value. Depreciation for fractional years is omputed by rounding the ownership period to the nearest month. Depreciation expense recognized in 2015 will be:

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depreciation in 2015 nearest month  is April 1 April to... View the full answer

1 comment
  • sorry it should be 9 months counting error so answer= 80,000*9/12=60,000
    • patricknoblekaranja
    • Jul 20, 2016 at 9:36am

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Other Answers

Cost of the Equipment = $480000 Depreciation is Striaght line over Six years ' Salvage Value... View the full answer

 (480,000-0)/ 6= 80,000 depreciation expense for 1 year 80,000 since... View the full answer

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