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QUESTION 2 A machine with a cost of $120,000 has an estimated residual value of $15,000 and an estimated life of five years or
QUESTION 2 A machine with a cost of $120,000 has an estimated residual value of $15,000 and an estimated life of five years or 15,000 hours. It is to be depreciated by the units-of-activity method. What is the amount of depreciation for the second full year, during which the machine was use 5,000 hours? O a. $45,000 Ob. $21,000 c. $5,000 Od. $35,000
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Intermediate Accounting
Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I
Volume 1, 6th Edition
1259103250, 978-1259103254, 978-0071339476
