On January4, 2019,Margaret's Cafe acquired equipment for $147,500 . The estimated life of the equipment is 4
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Question:
On January4, 2019,Margaret's Cafe acquired equipment for $147,500. The estimated life of the equipment is 4 years or42,500 hours. The estimated residual value is $20,000. What is the depreciation for2019, ifMargaret's Cafe uses the asset 14,500 hours and uses the unitsofproduction method ofdepreciation?
A.
$31,875
B.
$20,000
C.
$43,500
D.
$ 36,875
Expert Answer:
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