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Account Exercice Lesson 8

XYZ company purchased a new equipment on Jan 1, 2017 at a cost of $150,00. The company estimated that the equipment will have a salvage value of $3,000. The equipment is expected to be used fro 12,000 working hours during its 6-year life. Compute the depreciation expense for 2017 under the following methods: a) straight-line b) units of activity for 2017 assume equipment usage was 1,600 hours c) Declining method doubling the straight-line rate.
XYZ company purchased a new equipment on Jan 1, 2017 at a cost of $150,00. The company estimated that the equipment will have a salvage value of $3,000. The equipment is expected to be used fro 12,000 working hours during its 6-year life.
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847245
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CREATED ON
13 February 2019
COMPLETED ON
14 February 2019
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