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On January 5, 2018 Calvin's Cropcrushers, Inc. purchased crop crushing equipment for which the following information is available: Original cost.................. $3,800,000 Estimated residual value....... $200,000
On January 5, 2018 Calvin's Cropcrushers, Inc. purchased crop | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
crushing equipment for which the following information is available: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Original cost.................. | $3,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Estimated residual value....... | $200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Useful life in years........... | 10 | years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Useful life expressed in operating hours | 20,000 | hours | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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