Question
Current Attempt in Progress The Crane Clinic purchased a new surgical laser for $260,400. The estimated salvage value is $12,400. The laser has a useful
Current Attempt in Progress The Crane Clinic purchased a new surgical laser for $260,400. The estimated salvage value is $12,400. The laser has a useful life of five years and the clinic expects to use it for 20,000 hours. It was used 4,960 hours in year 1; 6,510 hours in year 2: 7,440 hours in year 3; 5,890 hours in year 4: 6,200 hours in year 5. Compute the annual depreciation for each of the five years under each of the following methods: (1) straight-line (2) units-of-activity. (Round answers to O decimal place, eg. 1500) Straight-line Year 1 $ Year 2 Year 3 Year 4 Year 5 Total $ Units of Activity If you were the administrator of the clinic, which method would you deem as most appropriate? would be most appropriate. Which method would result in the lower reported income in the first year? would result in the lower reported income Which method would result in the lower tatal reported income over the five-year period? Son for Later would resul the lower total reported income over the five-year period Attempts: 0 of 1 used Salbeit Actuar
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