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Computing depreciation ABC boucht equipment on January 2, 2019 for $65.000. The equipment was expected to remain in service for three years and to operate
Computing depreciation ABC boucht equipment on January 2, 2019 for $65.000. The equipment was expected to remain in service for three years and to operate for hours. At the end of the equilaments useful ABC estimates that its residual value is $11,000. The equipment operated for 1.880 hours the first year 1.770 hours the second and 3.200 hours the third year Requirements 1 Prepare a schedule of depreciation expense, accumulated depreciation, and book value per year for the equipment under the three depreciation methods: straight-line, units of production, and double declining balance. Show your computations 2 Noter Three depreciation schedules must be prepared
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