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Other Chegg expert got it wrong please help Kingbird Company purchased equipment for $235,200 on October 1,2025 . It is estimated that the equipment will
Other Chegg expert got it wrong please help
Kingbird Company purchased equipment for $235,200 on October 1,2025 . It is estimated that the equipment will have a useful life of 8 years and a salvage value of $12,000. Estimated production is 36,000 units and estimated working hours are 20,000. During 2025 . Kingbird uses the equipment for 500 hours and the equipment produces 1,000 units. Compute depreciation expense under each of the following methods. Kingbird is on a calendar-year basis ending December 31 . (Round rate per hour and rate per unit to 2 decimal places, eg. 5.35 and final answers to 0 decimal places, es. 45,892 Step by Step Solution
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