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View Policies Current Attempt in Progress On April 22.2020, Blossom Enterprises purchased equipment for $139,700. The company expects to use the equipment for 11.500 working
View Policies Current Attempt in Progress On April 22.2020, Blossom Enterprises purchased equipment for $139,700. The company expects to use the equipment for 11.500 working hours during its 4 year life and that it will have a residual value of $15.500, Blossom has a December 31 year end and pro rates depreciation to the nearest month. The actual machine usage was: 1,800 hours in 2020, 2.700 hours in 2021:3,600 hours in 2022:2.500 hours in 2023. and 1.100 hours in 2024 Calculate depreciation expense for the life of the asset under straight-line method. (Round answers to decimal places, 5,276.) Depreciation Expense 2020 $ 2021 $ 2022 $ 2023 $ 2024 $ e Textbook and Media Calculate depreciation expense for the life of the asset under double diminishing-balance method. (Round answers to 0 decimal places, e.g. 5,276.) Depreciation Expense 2020 $ 2021 $ 2022 $ 2023 $ e Textbook and Media Calculate a depreciation expense for the life of the asset under units-of-production method. (Round unit rate to 2 decimal places, e.g. 2.25 and final answers to 0 decimal places, e.g. 5,276.) Calculate a depreciation expense for the life of the asset under units-of-production method. (Round unit rate to 2 decimal places, e.g. 2.25 and final answers to 0 decimal places, e.3.5,276.) Depreciation Expense 2020 $ 2021 $ 2022 $ 2023 $ 2024 $ e Textbook and Media Which method results in the lowest profit over the life of the asset? e Textbook and Media Which method results in the least cash used for depreciation over the life of the asset? e Textbook and Media hmit unswer
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