On June 30, 2017, Austin Sound Center purchased a copy machine for $ 50 comma 000. Austin Sound Center expects the machine to last for four years and to have a residual value of $ 2 comma 000. Compute depreciation expense on the machine for the year ended December 31, 2017, using the straight-line method. Begin by selecting the formula to calculate the company's depreciation expense on the machine for the year ended December 31, 2017. Then enter the amounts and calculate the depreciation expense.

Depreciation charge is $6,000

Explanation:

The depreciation charge using straight line method of depreciation can be computed using the below formula:

depreciation charge=cost -salvage value/useful life

cost is $50,000

salvage value is the same as residual value which is worth of the asset after useful life is $2,000

useful life is the number of years the asset is expected to e put into use which is 4 years

depreciation charge=($50,000-$2,000)/4=$12,000 per year

The depreciation for the year ended 31 st December 2017 is a six month depreciation amount,hence the depreciation amount is $6,000($12,000*6/12)

c

explanation:

c because the item on a bank statement is also referred to as an account statement. in addition, it provides the beginning balance, ending balance, statement date, transaction date for each transaction, payee, customer name and address, statement period, the account holder's account number, and the bank's customer service number

answer; measurable outcome;