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i will make sure to rate well, please answer asap thank you Pharoah Electronics purchased packaging equipment for $672,000 cash on July 1, 2022. Management
i will make sure to rate well, please answer asap thank you
Pharoah Electronics purchased packaging equipment for $672,000 cash on July 1, 2022. Management estimates the equipment can package 896,000 inventory units and will be productive for 5 years. Its salvage value is estimated at $56,000. During 2022 , the equipment packaged 145,600 units, with another 156,800 units in 2022. Compute the annual depreciation expense for 2022 and 2023, and book value at December 31, 2023, under the straight-line method. 2022 depreciation 2023 depreciation December 31, 2023 book value $ $ $Step by Step Solution
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