Looking for answers? Westonci.ca is your go-to Q&A platform, offering quick, trustworthy responses from a community of experts. Join our platform to connect with experts ready to provide accurate answers to your questions in various fields. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

Depreciation for the current year includes equipment $3100. The accumulated depreciation equipment unadjusted balance of December 31 is $6700

Sagot :

The value is 3600

According to question ,

given that, Depreciation for the current year is $ 3100

accumulated depreciation equipment is $ 6700

Unadjusted balance of December

 6700 - 3100 = 3600

Depreciation is the process of deducting the total cost of something expensive you bought for your business. But instead of doing it all in one tax year, you write off parts of it over time. When you depreciate assets, you can plan how much money is written off each year, giving you more control over your finances.

Formula: (asset cost – salvage value) / useful life

explain the formula:  You divide the cost of an asset, minus its salvage value, over its useful life. That determines how much depreciation you deduct each year.

Accumulated depreciation is the total amount an asset has been depreciated up until a single point. Each period, the depreciation expense recorded in that period is added to the beginning accumulated depreciation balance

Learn more about depreciation here: brainly.in/question/20869135

SPJ9