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for number 2 it is 2019 not 2015 B.M Company purchased equipment on January 1, 2017 for $90,000. It is estimated that the equipment will
for number 2 it is 2019 not 2015
B.M Company purchased equipment on January 1, 2017 for $90,000. It is estimated that the equipment will have a $5,000 salvage value at the end of its 5-year useful life. It is also estimated that the equipment will produce 100,000 units over its 5-year life. Instructions Answer the following independent questions. 1. If 16,000 units of product are produced in 2017 and 24,000 units are produced in 2014, what is the book value of the equipment at December 31, 2018? The company uses the units-of-activity depreciation method. 2. If the company uses the double-declining-balance method of depreciation, what is the balance of the Accumulated Depreciation Equipment account at December 31, 2015 Step by Step Solution
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