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On June 9, 2023, Oriole Company purchased manufacturing equipment at a cost of $366,600. Oriole estimated that the equipment will produce 640,000 units over its
On June 9, 2023, Oriole Company purchased manufacturing equipment at a cost of $366,600. Oriole estimated that the equipment will produce 640,000 units over its 5-year useful life, and have a residual value of $14,600. The company has a December 31 fiscal year end and has a policy of recording a half year's depreciation in the year of acquisition. (a) Calculate depreciation under the straight-line method for 2023 and 2024. 
On June 9.2023 , Oriole Company purchased manufacturing equipment at a cost of $366,600. Oriole estimated that the equipment will produce 640,000 units over its 5-year useful life, and have a residual value of $14,600. The compary has a December 31fiscal year end and has a policy of recording a half year's depreciation in the year of acquisition. (a) Your answer is incorrect. Calculate depreciation under the straight-line method for 2023 and 2024
On June 9, 2023, Oriole Company purchased manufacturing equipment at a cost of $366,600. Oriole estimated that the equipment will produce 640,000 units over its 5-year useful life, and have a residual value of $14,600. The company has a December 31 fiscal year end and has a policy of recording a half year's depreciation in the year of acquisition. (a) Calculate depreciation under the straight-line method for 2023 and 2024.
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