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On January 3, 2020, Xenex Innovations purchased computer equipment for $137,000. The equipment will be used in research and development activities for five years or
On January 3, 2020, Xenex Innovations purchased computer equipment for $137,000. The equipment will be used in research and development activities for five years or a total of 10,000 hours and then sold for about $20,000. Assume actual usage in hours of:
2020 | 2021 | 2022 | 2023 | 2024 | |||||
1,650 | 1,840 | 3,000 | 3,540 | 3,300 | |||||
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