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Miller Coatings Company purchased waterproofing equipment on Jan $250,000. The equipment was expected to have a useful life of four y hours, and a residual
Miller Coatings Company purchased waterproofing equipment on Jan $250,000. The equipment was expected to have a useful life of four y hours, and a residual value of $25,000. The equipment was used for 2,500 hours in 2021, 1,500 hours in 2022, and 2,000 hours in 2023. Using the depreciation template and following the examples given co depreciation and carrying value for the waterproofing equipment for each of the following methods: 1 - straight-line method, 2 - the units of production method and 3 - the double declining balance method
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