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Question 3 1 pts On March 4th, Desert Company purchased a depreciable asset for $1,157,460. The estimated salvage value is $60,879, and the estimated
Question 3 1 pts On March 4th, Desert Company purchased a depreciable asset for $1,157,460. The estimated salvage value is $60,879, and the estimated useful life is 10,000 hours. Desert used the asset for 1,410 hours this year. The activity method will be used for depreciation. What is the depreciation expense Desert will record this year for this asset? *round your answer to the nearest $1 Question 4 1 pts On January 1, 2017, Desert Company purchased equipment at a cost of $378,240. The equipment was estimated to have a salvage value of $12,489 and it is being depreciated over six years under the sum of years' digits method. What should be the charge for depreciation of this equipment for the year ended December 31, 2021? *round your answer to the nearest $1
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