Katie's Kitchen purchased a commercial oven on 1/1/20 for a total cost of $40,000. Katie's accountants estimate

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Katie's Kitchen purchased a commercial oven on 1/1/20 for a total cost of $40,000. Katie's accountants estimate that the commercial oven will be used for 48,000 hours and will be worth $4,000 at the end of its 5 - year useful life. They estimate that oven will be used as follows: 2020 - 5.000 hours 2021 -8.000 hours 2022 - 15.000 hours 2023 - 13,000 hours 2024 - 7.000 hours What amount should Katie's Kitchen report as depreciation expense for 2023 using the units of production depreciation method? $11.250 $10,833.33 $9.750 $6,000

Posted Date: Jul 11, 2024 09:08 AM

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Katie's Kitchen purchased a commercial oven on 1/1/20 for a total cost of $40,000. Katie's accountants estimate

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