Question
Carla Vista Company purchased equipment on account on September 3,2022 at an in voice price os $199,000.on sep 4,2022 it paid $5,299 for delivery of
Carla Vista Company purchased equipment on account on September 3,2022 at an in voice price os $199,000.on sep 4,2022 it paid $5,299 for delivery of the equipment .a one year $1,990 insurance policy on the equipment was purchased on sep 6,2022.on sep 20,2022 Carla Vista paid $2,800 for installation and testing of the equipment.the equipment was ready for use on oct 1,2022. carla vista estimates that the equipment useful life will be four years with a residual value of $15,500.it also estimates that ,in terms of activity the equipment useful life will be 95,750 units.carla vista has a September 30 fiscal year end .assume that actual usage is as follows; calculate straight line depreciation year. depreciable amount*dep rate=depreciation expense accumulated depreciation, carrying amount for the year 2023 2024 2025 2026.
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