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Blue automotive purchased equipment on Oct 1 2024 at total cost 178000. The machine was an estimated useful life of 8 years or 100000 years
Blue automotive purchased equipment on Oct 1 2024 at total cost 178000. The machine was an estimated useful life of 8 years or 100000 years and residual value 38000. During 2024,2025 the machinery used 4600 and 13000 hours respectively.calcukate depreciation expense at December 31 2024 and 2025 under straight line ,units of production and double diminishing balance method
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