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company has a machine that cost $300,000 it has an estimated residual value of $30,000 and has an estimated useful life of 20,000 machine hours.
company has a machine that cost | $300,000 | it has an estimated residual value of | $30,000 | and has an estimated useful life of | 20,000 | machine hours. | ||||||||
The company uses units-of-production depreciation and ran the machine | 3,000 | hours in year 1, and | 8,000 | hours in year 2. | ||||||||||
Calculate the book value at the end of Year 1 |
question 2
Golden company has a machine that cost | $300,000 | it has an estimated residual value of | $10,000 | and has an estimated useful life of | 25,000 | machine hours. | ||||||||
The company uses units-of-production depreciation and ran the machine | 5,000 | hours in year 1, and | 6,000 | hours in year 2. | ||||||||||
Calculate the book value at the end of Year 2 |
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