ACCT 220 Week 5 Homework Answers

ACCT 220 Week 5 Homework Answers

Author: semona henkova

ACCT 220 Week 5 Homework Answers


ACCT 220 Week 5 Homework Answers

Week 5

The Steel You Blind Company hires a bookkeeper who says that intangible assets can only be amortized over their legal lives. Is she right or wrong and why?


We Move Ya moving company purchased a new cross country moving truck and trailer on July 1, 2015. The cost of the new equipment was $150,000.  The truck and trailer is expected to have a 5 year useful life and a salvage value of $12,000.  The truck is a diesel and is expected to have a useful life of 10,000 hours.

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