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I need help with part C please! Cullumber Company purchased equipment on January 1,2025 for $180,000. It is estimated that the equipment will have a

I need help with part C please! image text in transcribed
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Cullumber Company purchased equipment on January 1,2025 for $180,000. It is estimated that the equipment will have a $10,000 salvage value at the end of its 5 vear useluil life. It is also estimated that the equipment will produce 200,000 units over its 5 -vear life. Answer the following independent questions. (a) Your aniwer is correct Compute the amount of depreciation expense for the vear ended December 31,2025 using the straight-line method of depreciation. Straight-line method peryear If 24,000 units of product are produced in 2025 and 32,000 units are produced in 2026 . what is the book value of the equipment at December 31, 2026? The company uses the units-of-activity depreciation method, Book value at December 31,2026 If the company uses the double-declining-balance method of depreciation, what is the balance of the Accumulated Depreciatio Equipment account at December 31, 2027? Accumulated depreciation-equipment

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