Question
Can someone help me with these questions 1. A machine that cost $132,000 has an estimated residual value of $22,000 and an estimated useful life
Can someone help me with these questions
1.
A machine that cost $132,000 has an estimated residual value of $22,000 and an estimated useful life of 22,000 machine hours. The company uses units-of-production depreciation and ran the machine 5,000 hours in year 1, 7,000 hours in year 2, and 7,000 hours in year 3. | |||
Calculate its book value at the end of year 3 | |||
2.
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