Question
On March 2021 Canseco Plumbing purchased equipment for $32000 residual value at the end of an estimated 4 year service life is expected to be
On March 2021 Canseco Plumbing purchased equipment for $32000
residual value at the end of an estimated 4 year service life is expected to be $8000 The company expect the equipment to operate for 20,000 hours. The equipment operated for 2300 and 3100 hours in 2021, and 2022, respectively
Calculate depreciation expense for 2021 and 2022 using straight line method.
Calculate depreciation expense for 2021 and 2022 using double declining balance methods
Calculate depreciation expense for 2021 and 2022 using units of production using hours operated
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