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Given the cost of the equipment as 58000, accumulated equipment depreciation as 19000 and 15% depreciation yearly on the equipment.Record on the balance sheet?
Anonymous
Nov 14, 2023
Given the cost of the equipment as 58000, accumulated equipment depreciation as 19000 and 15% depreciation yearly on the equipment.Record on the balance sheet?
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ChatGPT
Nov 14, 2023
On the balance sheet, the equipment would be recorded as follows:
Equipment:
Cost: $58,000
Accumulated Depreciation: $19,000
Net Equipment Value: $39,000 ($58,000 - $19,000)
The net equipment value of $39,000 would be reported on the balance sheet as an asset.
Equipment:
Cost: $58,000
Accumulated Depreciation: $19,000
Net Equipment Value: $39,000 ($58,000 - $19,000)
The net equipment value of $39,000 would be reported on the balance sheet as an asset.
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