Assuming the computer is a five-year asset, what would be the deprecation amount for the 4th year (assuming no Sec 179 or 168(k) deprecation was taken)

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 16EB: Birmingham Company has been in business for five years. Last year, it experienced rapid growth and...
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You are working in the accounting department of a mid-sized company (Bespin Tibanna Gas Systems, LLC). As a young staff, one of your first tasks is to manage the fixed assets for the company. Below is a short list of some of the assets.

 

Asset

Placed in Service

Basis (when placed into service)

 

New Computer

June 6

3,500

Assuming the computer is a five-year asset, what would be the deprecation amount for the 4th year (assuming no Sec 179 or 168(k) deprecation was taken)

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