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Williams-Sonoma uses the units of production method to depreciate its equipment. The following information is available for equipment purchased on July 1, 2022. Cost: $14,100
Williams-Sonoma uses the units of production method to depreciate its equipment. The following information is available for equipment purchased on July 1, 2022. Cost: $14,100 Salvage: $1,200 Life (units): 32,250 Production in 2022 (units): 2,970 Life (years): 8 Production in 2023 (units): 6,225 The book value of the equipment on December 31, 2023 would be:
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