Question
A machine with a cost of $100 000 has an estimated residual value of $10 000 and an estimated life of five years or 30
A machine with a cost of $100 000 has an estimated residual value of $10 000 and an estimated life of five years or 30 000 hours.
It is to be depreciated by the units-of-activity method.
What is the amount of depreciation for the second full year, during which the machine was used 6 000 hours?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
