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3. Moose Jaw Marketplace Company purchased a smartphone worth $1,395 on March 1,2024 . The a smartphone should have an estimated life of 4 years
3. Moose Jaw Marketplace Company purchased a smartphone worth $1,395 on March 1,2024 . The a smartphone should have an estimated life of 4 years or 5,640 minutes. Residual value is estimated to be $100. Calculate the depreciation expense under both the Units-Of-Production and StraightLine methods for the first four years of the use of the asset. The company's fiscal year ends February 28,2025 . Show all calculations, round dollar values to the nearest dollar (units of production depreciation rate, round to 3 decimals)! (12 marks)
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