Question
The Novak Clinic purchased a new surgical laser for $92,500. The estimated salvage value is $4,500. The laser has a useful life of five years
The Novak Clinic purchased a new surgical laser for $92,500. The estimated salvage value is $4,500. The laser has a useful life of five years and the clinic expects to use it 11,000 hours. It was used 1,800 hours in year 1; 2,400 hours in year 2; 2,600 hours in year 3; 2,000 hours in year 4; 2,200 hours in year 5.
(a)
Compute the annual depreciation for each of the five years under straight-line and units-of-activity methods.
Straight-line | Units-of-Activity | ||||
---|---|---|---|---|---|
Year 1 | $enter a dollar amount | $enter a dollar amount | |||
Year 2 | enter a dollar amount | enter a dollar amount | |||
Year 3 | enter a dollar amount | enter a dollar amount | |||
Year 4 | enter a dollar amount | enter a dollar amount | |||
Year 5 | enter a dollar amount | enter a dollar amount | |||
Total | $enter a total amount | $enter a total amount |
(b)
The parts of this question must be completed in order. This part will be available when you complete the part above.
(c)
The parts of this question must be completed in order. This part will be available when you complete the part above.
IF you can help with part A-C.
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