The Merrick Company bought store equipment on July 3 of the current year at a cost of $4,800. The store equipment has an estimated useful life of six years and an estimated disposal value of $600. Directions: Prepare a depreciation schedule for the first three years of useful life of the store! equipment. Use the straight-line method to complete the following form. Annual _Depreciation Accumulated _Depreciation Book _Value Score
$4,800.00
Cost
$4,800.00
July 3
First year (July-December)
Second year
Third year