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Tanner Company purchased equipment on January 1, 2021 for $90,000. It is estimated that the equipment will have a $5,000 salvage value at the end
Tanner Company purchased equipment on January 1, 2021 for $90,000. It is estimated that the equipment will have a $5,000 salvage value at the end of its 5-year useful life. It is also estimated that the equipment will produce 100,000 units over its 5-year life. The company uses the double declining balance method of depreciation; answer the following: 2021 Depreciation Tanner Company purchased equipment on January 1, 2021 for $90,000. It is estimated that the equipment will have a $5,000 salvage value at the end of its 5-year useful life. It is also estimated that the equipment will produce 100,000 units over its 5-year life. The company uses the double declining balance method of depreciation; answer the following: 2022 Depreciation A Tanner Company purchased equipment on January 1, 2021 for $90,000. It is estimated that the equipment will have a $5,000 salvage value at the end of its 5-year useful life. It is also estimated that the equipment will produce 100,000 units over its 5-year life. The company uses the double declining balance method of depreciation; answer the following: 2022 Accumulated Depreciation A/
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