Required: i) Complete the following schedule of useful working. Equipment (Q107): Cost Salvage Value Depreciable base Annual Depreciation charge Accumulated depreciation to the date of disposal

Extracted text: Required: i) Complete the following schedule of useful working. Equipment (Q107): Cost Salvage Value Depreciable base Annual Depreciation charge Accumulated depreciation to the date of disposal


Extracted text: Case C Robert Sporting Goods Company had purchased some equipment (Q107) on January 1, 2014 for $104 000 with an estimated salvage value of $8 000 and a 10-year useful life. On December 31, 2020, there was $67 200 in the Accumulated Depreciation account for this equipment using the straight-line method of depreciation. In preparation for expansion, on March 31, 2021, that equipment was sold for $21 000. Required: