Larkspur Company purchased equipment for $218,160 on October 1, 2017. It is estimated that the equipment will
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Larkspur Company purchased equipment for $218,160 on October 1, 2017. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $12,120. Estimated production is 40,800 units and estimated working hours are 20,200. During 2017, Larkspur uses the equipment for 520 hours and the equipment produces 1,000 units.
Compute depreciation expense under each of the following methods. Larkspur is on a calendar-year basis ending December 31.
Sum-of-the-years'-digits method for 2019
Double-declining-balance method for 2018
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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