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Computing Depreciation Using Multiple Depreciation Methods On January 1, 2020, Walker Inc. acquired equipment for $96,000. The expected useful life is 10 years and
Computing Depreciation Using Multiple Depreciation Methods On January 1, 2020, Walker Inc. acquired equipment for $96,000. The expected useful life is 10 years and the residual value is $1,920. Total service hours for the equipment are estimated to be 24,000 while actual hours for 2020 were 2,160. Compute depreciation expense in 2020, under the following methods. Note: Carry all decimals in calculations; round the final answer to the nearest dollar. a. Straight-line $ 0 b. Sum-of-the-years-digits 5 0 c. Double-declining-balance $ 0 d. Units-of-production S 0
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