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On January 4, 2017, Margaret's Cafe acquired equipment for $200,000. The estimated life of the equipment is 4 years or 42,500 hours. The estimated residual
On January 4, 2017, Margaret's Cafe acquired equipment for $200,000.
The estimated life of the equipment is 4 years or 42,500 hours. The estimated residual value is $30,000.
What is the depreciation for 2017, if Margaret's Cafe uses the asset 13,700
hours and uses the units-of-production method of depreciation?
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