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I need help with this question On January 3, 2020, Xenex Innovations purchased computer equipment for $145,000. The equipment will be used in research and

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On January 3, 2020, Xenex Innovations purchased computer equipment for $145,000. The equipment will be used in research and development activities for ve years or a total of 10.000 hours and then sold for about $24,000. Assume actual usage in hours of: mm 2021 2022 2023 M24 1,550 1.33:: 3.40:: 3.03:: 3mm Required: Calculate depreciation expense and book values for each year of the equipment's life for each method of depreciation using the table provided below. Xenex's year-end is December 31' [Do not round intermediate calculations.) Analysis Component Which method will result in the greatest: a. Total assets being reported on the balance sheet in 2020? in 2023'? Analysis Component: Which method will result in the greatest: a. Total assets being reported on the balance sheet in 2020? in 2023? Depreciation Method 2020 2023 b. Operating expenses being reported on the income statement in 2020? in 2023? Depreciation Method 2020 2023

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