Question
You purchased equipment on January 1, 2020 for a cost of $100,000.The estimated salvage value is $5,000.The estimated useful life is 10 years and 50,000
You purchased equipment on January 1, 2020 for a cost of $100,000.The estimated salvage value is $5,000.The estimated useful life is 10 years and 50,000 hours.
In 2020, the equipment was used for 4,800 hours.
show the depreciation expense for 2020, under the Straight Line Method, Units of Activity Method and the Declining Balance Method.
Depreciation for 2020:
Straight Line Method?
Units of Activity Method?
Declining Balance Method?
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Managerial Accounting Tools For Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
2nd Canadian Edition
0471413658, 978-0471413653
