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Problem 9-254 [LO 9-3) At the beginning of 2017, your company buys a $30,000 plece of equipment that it expects to use for 4 years.
Problem 9-254 [LO 9-3) At the beginning of 2017, your company buys a $30,000 plece of equipment that it expects to use for 4 years. The equipment has an estimated residual value of $2,000. The company expects to produce a total of 200,000 units. Actual production is as follows: 44,000 units in 2017, 53,000 units in 2018,51,000 units in 2019, and 52,000 units in 2020, Required: a. Determine the depreciable cost. b. Calculate the depreciation expense per year under the straight-line method c. Use the straight-line method to prepare a depreciation schedule, d. Calculate the depreciation rate per unit under the units-of-production method. e. Use the units-of-production method to prepare a depreciation schedule. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Determine the depreciable cost. Depreciable Cont Required A Required B > Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Calculate the depreciation expense per year under the straight-line method. Depreciation Expense Per Year Complete this question by entering your answers in the tabs below. Required A Required B Required cRequired D Required E Calculate the depreciation rate per unit under the units-of-production method. (Round your answer to 2 decimal places.) Depreciation Rate Per Unit Required A Required B Required C Required D Required E Use the units-of-production method to prepare a depreciation schedule. (Do not round your Depreciation rate per unit.) Depreciation Accumulated Net Book Year Exponso Depreciation Value Acquisition Cost 2017 2018 2010 2020
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