Business, 21.04.2020 19:11 1hannacarson

On April 30, 2017, Tilton Products purchased machinery for $88,000. The useful life of this machinery is estimated at 8 years, with an $8,000 residual value. Assume that in its financial statements, Tilton Products uses straight-line depreciation and rounds depreciation for fractional years to the nearest month. Depreciation expense recognized on this machinery in 2017 and 2018 will be:

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On April 30, 2017, Tilton Products purchased machinery for $88,000. The useful life of this machiner...