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Quality Rehab Care purchased diagnostic equipment for $496,000. It has an estimated life of 70,000 hours and no salvage value. Use the units-of-production method of
Quality Rehab Care purchased diagnostic equipment for $496,000. It has an estimated life of 70,000 hours and no salvage value. Use the units-of-production method of depreciation to find the book value at the end of the 3rd year, given the following information: Year 1: 8,700 Hours; Year 2: 9,400 Hours; Year 3: 9,900 Hours; Year 4: 10,500 Hours; Year 5: 14,700 Hours. Round depreciation to the nearest dollar.
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