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q4 Nash Company purchased equipment for $199,200 on October 1.2020. It is estimated that the equipment will have a useful life of 8 years and
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Nash Company purchased equipment for $199,200 on October 1.2020. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $12,000. Estimated production is 36,000 units and estimated working hours are 20,000. During 2020 , Nash uses the equipment for 500 hours and the equipment produces 1.100 units. Compute depreciation expense under each of the following methods. Nash is on a cafendar-year basis ending December 31 . (Round rate per hour and rate per unit to 2 decimal ploces, es. 5.35 and finol answers fo 0 decimal places ecg. 45.892) Step by Step Solution
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