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On January 1, 2020 Milky Factory purchased new equipment for $400. The equipment is expected to be used for 1,000 hours over 5 years. Residual
On January 1, 2020 Milky Factory purchased new equipment for $400. The equipment is expected to be used for 1,000 hours over 5 years. Residual value is expected to be $100. During 2020 the equipment was used for 150 hours.
Required: Compute the following
Depreciable cost | $ |
Depreciation expense for 2020 using straight-line depreciation | $ |
Depreciation expense for 2020 using units-of-activity depreciation | $ |
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