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It's 3 parts to ONE question. look at the left...3 parts...please be organized in the answer. I will thumbs up. thank you Required information Exercise
It's 3 parts to ONE question. look at the left...3 parts...please be organized in the answer. I will thumbs up. thank you
Required information Exercise 11-4 (Static) Other depreciation methods [LO11-2] [The following information applies to the questions displayed below.] On January 1, 2024, the Allegheny Corporation purchased equipment for $115,000. The estimated service life of the equipment is 10 years and the estimated residual value is $5,000. The equipment is expected to produce 220,000 units during its life. Required: Calculate depreciation for 2024 and 2025 using each of the following methods. Exercise 114 (Static) Part 1 1. Sum-of-the-years'-digits Note: Do not round intermediate calculations. Round final answers to the nearest whole dollar amount. Required information Exercise 11-4 (Static) Other depreciation methods [LO11-2] [The following information applies to the questions displayed below.] On January 1,2024 , the Allegheny Corporation purchased equipment for $115,000. The estimated service life of the equipment is 10 years and the estimated residual value is $5,000. The equipment is expected to produce 220,000 units during its life. Required: Calculate depreciation for 2024 and 2025 using each of the following methods. Exercise 11-4 (Static) Part 2 2. 150% declining balance. Note: Round final answers to the nearest whole dollar amount. Required information Exercise 11-4 (Static) Other depreciation methods [LO11-2] [The following information applies to the questions displayed below.] On January 1,2024 , the Allegheny Corporation purchased equipment for $115,000. The estimated service life of the equipment is 10 years and the estimated residual value is $5,000. The equipment is expected to produce 220,000 units during its life. Required: Calculate depreciation for 2024 and 2025 using each of the following methods. Exercise 114 (Static) Part 3 3. Assume instead the equipment was purchased on October 1, 2024. Calculate depreciation for 2024 and 2025 using each of the two methods. Partial-year depreciation is calculated based on the number of months asset is in service. Note: Do not round intermediate answers and round your answers to the nearest whole dollar amountStep by Step Solution
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