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Papa's Fried Chicken bought equipment on January 2, 2019, for $39.000. The equipment was expected to remain in service for four years and to perform
Papa's Fried Chicken bought equipment on January 2, 2019, for $39.000. The equipment was expected to remain in service for four years and to perform 11,000 fry jobs. At the end of the equipment's useful life, Papa's estimates that its residual value will be $6,000. The equipment performed 1,100 jobs the first year, 3,300 the second year, 4,400 the third, and 2,200 the fourth year. Requirements Prepare a schedule of depreciation expense, accumulated depreciation, and book value per year for the equipment under the Straight-line method. Show your computations. Note: depreciation schedules must be prepared
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