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Hearty Chicken bought equipment on January 2, 2018, for $27,000. The equipment was expected to remain in service for four years and to operate for
Hearty Chicken bought equipment on January 2, 2018, for $27,000. The equipment was expected to remain in service for four years and to operate for 5.250 hours. At the end of the equipment's useful life, Hearty estimates that its residual value will be $6,000. The equipment operated for 525 hours the first year, 1,575 hours the second year, 2,100 hours the third year, and 1,050 hours the fourth year, Required Before calculating the units-of-production amortization schedule, calculate the amortization expense per unit. Select the formula, and then enter the amounts and calculate the amortization expense per unit. Amortization per unit )/ = Required - X Book Accumulated Amortization Value Prepare an amortization schedule using the units-of-production method. Units-of-Production Amortization Schedule Amortization for the Year Asset Amortization Number of Amortization Date Cost Per Unit Units Expense 1-2-2018 12-31-2018 12-31-2019 12-31-2020 12-31-2021 Prepare a schedule of amortization expense, accumulated amortization, and book value per year for the equipment under the units-of-production method. Show your computations. Print Done Choose from any list or enter any number in the input fields and then continue to the next
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