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PLEASEEEEE !!!!! answer the same way this expert (saitej paruchuru) answered this answer i have an example as the last photo attached Wonder Fried Chicken
PLEASEEEEE !!!!! answer the same way this expert (saitej paruchuru) answered this answer i have an example as the last photo attached
Wonder Fried Chicken bought equipment on January 2,2024 , for $15,000. The equipment was expected to remain in service for four years and to operate for 3,000 hours. At the end of the equipment's useful life, Wonder estimates that its residual value will be $3,000. The equipment operated for 300 hours the first year, 900 hours the second year, 1,200 hours the third year, and 600 hours the fourth year. Read the requirements. Requirements 1. Prepare a schedule of depreciation expense, accumulated depreciation, and book value per year for the equipment under the three depreciation methods: straight-line, units-of-production, and double-declining-balance. Show your computations. Note: Three depreciation schedules must be prepared. 2. Which method tracks the wear and tear on the equipment most closely? $ Saitej Paruchuru answered this 5,077 answers Paouilrement (1) Units of production depreciation schedule: (Asset value - Residua Value) / Total unts of production = Depreciation per unt (300006000)/8000=$3 Double dedinina.Balance depreciation schedules Requirement ( 2 ) Unts of production method Note: Phase commenk down for any ssues Was this answer helpful Step by Step Solution
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