Question
4.A company purchased a piece of equipment for $30,000 on May 1, 2019.Management estimates a salvage value of $4,500, a useful life of four years
4.A company purchased a piece of equipment for $30,000 on May 1, 2019.Management estimates a salvage value of $4,500, a useful life of four years and estimated production output of 15,000 units.It produced 3,000 units in 2019.
Where applicable, it applies the halfyear rule.What is depreciation expense for 2020 using the straight line method (rounded to nearest dollar)?
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Introduction To Financial Accounting
Authors: Charles T Horngren, Gary L Sundem
10th Edition
136122973, 978-0136122975
