Tamarisk company purchased a new plant asset on april 1, 2020, at a cost of $759,000. it was estimated to have a service life of 20 years and a salvage value of $61,800. tamarisk’ accounting period is the calendar year. compute the depreciation for this asset for 2020 and 2021 using the sum-of-the-years'-digits method. (round answers to 0 decimal places, e. g. 45,892.)

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Having a long credit that will be corrected is better that a short credit that is clear is simply because with long credit history, a prospective lender can see how you have operated your credit facility over a considerable period. nobody's credit history is perfect - everyone has at least 1 or 2 lapses on their record. have short history of your credit doesn't show patterns or trends of persistent late payments.