ANSWERS TO QUESTIONS
For equipment purchased in 2006: $111,750 ($134,750 – $23,000) of the cost of equipment purchased in 2006, is still on hand. 8/55 X $111,750 = $16,255 For equipment purchased in 2008: 10/55 X $35,400 = 6,436 Total $22,691 EXERCISE 11-15 (25–35 minutes) ................
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