Compute The Net Book Value of Our Equipment as of DEC-31-2019, Using the Straight Line Method of Depreciation.Our Business Purchased a Truck for $120,000 on Sept-12-2017 with an estimated useful life of 5 years and 300,000 Miles

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Compute The internet book equipment of Our device as of DEC-31-2019, using the immediate Line method of Depreciation .300 months lifestyles

810,000/300= 2,seven-hundred

81 months *2,700=218,700

810,000-218,700= 591,300

The system is a tangible lengthy-term asset that advantages an enterprise over several years of use. computer systems, trucks, and manufacturing equipment are all examples of devices. they're tangible because they have got a bodily form, not like intangible assets (along with patents, emblems, or copyrights) that do not.

The noun device does not have a plural shape. it's miles used within the singular most effective, with a singular verb, and there's no phrase "equipment." Nouns like this are called "noncount nouns" (or "mass nouns") and there are over one hundred not-unusual nouns in this category.

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