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Exercise 11-15 On March 10, 2019, Bramble Company sells equipment that it purchased for $205,440 on August 20, 2012. It was originally estimated that the equipmentwould have a life of 12 years and a salvage value of $17,976 at the end of that time, and depreciation has been computed on that basis. The company uses the straight-
line method of depreciation. Compute the depreciation charge on this equipment for 2012, for 2019, and the total charge for the period from 2013 to 2018, inclusive,
under each of the six following assumptions with respect to partial periods. (Round depreciation per day to 2 decimal places, e.g. 15.64 and final answers to 0 decimal
places, e.g. 45,892.) 2012 2013-2018 Inclusive 2019 (1) Depreciation is computed for the exact period of time during which the asset is owned. (Use 365
days for the base and record depreciation through March 9, 2019.) $ $ $ (2) Depreciation is computed for the full year on the January 1 balance in
the asset account. $ $ $ (3) Depreciation is computed for the full year on the December 31 balance in the asset account. $ $ $ (4)
Depreciation for one-half year is charged on plant assets acquired or disposed of during the year. $ $ $ (5) Depreciation is computed on additions
from the beginning of the month following acquisition and on disposals to the beginning of the month following disposal. $ $ $ (6) Depreciation is
computed for a full period on all assets in use for over one-half year, and no depreciation is charged on assets in use for less than one-half year. (Use 365 days for
base.) $ $ $

 

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