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How much did a company buy a computer for three years later?
A company bought a computer for$1,500. Three years later, the computer was sold for $300. Assuming a – Brainly.com A company bought a computer for$1,500. Three years later, the computer was sold for $300.
How do I depreciate computers?
You predict the equipment has a useful life of five years and use the straight-line method of depreciation. To determine the amount of each equipment depreciation journal entry, divide the value of the computers by the predicted useful life: Now, debit your Depreciation Expense account $2,000 and credit your Accumulated Depreciation account $2,000.
How much is a computer worth 5 years of dive time?
-300t + 1,500. The value of the computer at the time of purchase was $1500. 5 years later the value was $0. This means the computer’s vale decreased by $1500/5, or $300 per year. If dive time increases as depth increases there is a
How much do you have to credit for computer equipment?
You also must credit your Computers account $10,000 (the amount you paid for the equipment). But now, your debits equal $12,000 ($4,000 + $8,000) and your credits $10,000.