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Please fill in the blanks on the table using the information below. The second slide is the question, the third is just to help you.
Please fill in the blanks on the table using the information below. The second slide is the question, the third is just to help you. thank you. 2. Slide 13 Activitv: IInits-nf-Outnut Equipment acquired at the beginning of the year at a cost of $24,000 has an estimated residual value of $2,000 and an estimated useful life of 10,000 hours and was operated 2,100 hours during the first year and 3,600 during the second year. Determine the: - Depreciation per unit - Depreciation expense for years 1 and 2 Computing Units-of-Output A two-step process is used to compute units-of-production depreciation: 1. Calculate: depreciation per unit =TotalUnitsofOutputCostResidualValue - Cost of the asset - Salvage value: resale value - Total units of output: total units/miles/hours expected to be produced during the asset's useful life 2. Calculate depreciation expense = Number of Units Produced in the Period
The second slide is the question, the third is just to help you. thank you.
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