Depreciation expense must be recorded for the month of December The building was purchased on February 1, 2015 for $37,500 with a remaining useful life of 25 years and a salvage value of $3,000. The method of depreciation for the building is straight-line The equipment was purchased on February 1, 2015 for $21,600 with a remaining useful life of 4 years and a salvage value of $1,800 The method of depreciation for the equipment is double-declining balance. Depreciation has been recorded for the building and equipment for months February through November.
Depreciation expense must be recorded for the month of December The building
was purchased on February 1, 2015 for $37,500 with a remaining useful life of 25
years and a salvage value of $3,000....
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