On january 1, ace electronics bought a new cash register for $2,500. Ace plans to use the cash register for 4 years and then sell is for $200. If Ace uses straight-line depreciation expense for the 1st year ended December 31 equals

Depreciation  expense = $575

Explanation:

According to International Accounting standards(IAS) 16 property plan and equipment (PPE), the cost of an asset is the purchase cost plus other costs of bringing it to the intended working conditions.  

Annual depreciation = (Cost - Scrap Value)/ Number of years

Cost of asset = 2500

Scrap value - 200

Estimated useful life = 4

Annual depreciation = (2500 - 200)/4 = 575

Depreciation  expense = $575

answer; /// i believe the correct answer is (market share); good luck

the interest will be $59.71

hope this