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kindly answer all 3 parts. i will upvote On January 1, 2024, Canseco Plumbing Fixtures purchased equipment for $48,000. Residual value at the end of
kindly answer all 3 parts. i will upvote
On January 1, 2024, Canseco Plumbing Fixtures purchased equipment for $48,000. Residual value at the end of an estimated four. year service life is expected to be $6,000. The company expects the equipment to operate for 12.000 hours. The equipment operated for 3,100 and 3,900 hours in 2024 and 2025 , respectively Required: a. Calculate depreciation expense for 2024 and 2025 using straight-line method b. Calculate depreciation expense for 2024 and 2025 using double-declining-balance method. c. Calculate depreciation expense for 2024 and 2025 using units-of-production using hours operated Complete this question by entering your answers in the tabs below. Calculate depreciastion expense for 2024 and 2025 using straight-line method. On January 1, 2024, Canseco Plumbing Fixtures purchased equipment for $48,000. Residuai value at the end of an estimated fouryear service life is expected to be $6,000. The company expects the equipment to operate for 12,000 hours. The equipment operated for 3,100 and 3,900 hours in 2024 and 2025 , respectively. Required: 0. Calculate depreciation expense for 2024 and 2025 using straight-line method. b. Calculate depreciation expense for 2024 and 2025 using double-declining-balance method c. Calculate depreciation expense for 2024 and 2025 using units-of-production using hours operated. Complete this question by entering your answers in the tabs below. Calculate depreciation expense for 2024 and 2025 using double-declining-balance method. On January 1, 2024. Canseco Plumbing Fixtures purchased equipment for $48,000. Residual value at the end of an estimated fouryear service life is expected to be $6,000. The company expects the equipment to operate for 12,000 hours. The equipment operated for 3,100 and 3,900 hours in 2024 and 2025 , respectively. Required: o. Calculate depreciation expense for 2024 and 2025 using straight-tine method. b. Calculate depreciation expense for 2024 and 2025 using double-declining-balance method. c. Calculate depreciation expense for 2024 and 2025 using units-of-production using hours operated. Complete this question by entering your answers in the tabs below. Calculate depreciation expense for 2024 and 2025 using units-of-production using hours operated. Noter Round "Depreciation per hour" answers to 2 decimal places Step by Step Solution
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