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happy hen calculates depreciation using the straight line method. assuming the average life of all of happy hen's assets is 10 years, what was the
happy hen calculates depreciation using the straight line method. assuming the average life of all of happy hen's assets is 10 years, what was the average age of the property, pland and equipment disposed of in 2012?
Question 2. Happy Hen The Happy Hen Company is a leader in the poultry market. It produces and markets fresh and frozen commodity chicken. Its frozen products are known for their value and healthful qualities. Happy Hen's balance sheet for the fiscal year ended on December 31, 2012 and 2011 disclosed the following: 2012 $1,676,978 515,026 $1,161,952 2011 Property plant and equipment (at cost) Less Accumulated depreciation $1,498,268 427.152 $1,071,116 In the income statement for 2012 Happy Hen disclosed the following: Depreciation expense $106,630 In the cash flow statement for 2012, under Cash Flow from Investing Activities, Happy Hern provided the following information Additions to property, plant and equipment Proceeds from dispositions of property, plant and equipment $(213,576) $15,294Step by Step Solution
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