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Robot Tech Corporation (RTC) purchased equipment for $20,000 on February 1, 2020. Management expects the equipment to have a residual value of $2,000. This equipment
Robot Tech Corporation (RTC) purchased equipment for $20,000 on February 1, 2020. Management expects the equipment to have a residual value of $2,000. This equipment is expected to produce 36,000 items over its useful life (2020 - 11.000 units, 2021 20,000 units, and 2022 - 5,000 units). Equipment is estimated to have a useful life of 3 years. RTC's year-end is December 31. Drag and drop the depreciation expense for each year under the two depreciation methods indicated below: Near Straight-line depreciation Units-of-production depreciation 2020 2021 12022 2023 $6,000 $1.000 S500 $5.500 $2,500 $10.000 SO $5,000 $600
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