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Q.3 Hebron Company purchased equipment on January 1, 2018 for $150,000. It is estimated that the equipment will have a $5,000 salvage value at the

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Q.3 Hebron Company purchased equipment on January 1, 2018 for $150,000. It is estimated that the equipment will have a $5,000 salvage value at the end of its 5-years useful life. It is also estimated that the equipment will produce 1,450,000 units over its 4-years life. Instructions Answer the following independent questions. a) If the company uses the double-declining-balance method of depreciation, prepare the Depreciation schedule for the equipment? b) If 350,000 units of product are produced in 2018 and 320,000 units are produced in 2019, what is the book value of the equipment at December 31, 2009? The company uses the units of activity depreciation method

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