Soda Pop Bottling Company bought equipment for $75,500 cash at the beginning of 2009. The estimated useful
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Soda Pop Bottling Company bought equipment for $75,500 cash at the beginning of 2009. The estimated useful life is four years and the estimated salvage value is $3,500. The estimated productivity is 150,000 units. Units actually produced were 37,500 in 2009 and 40,000 in 2010. Calculate the depreciation expense for 2009 and 2010 under each of the three methods given. (Round your answers to the nearest dollar.)
1. Straight-line method
2. Activity method
3. Double-declining balance method
Salvage value is the estimated book value of an asset after depreciation is complete, based on what a company expects to receive in exchange for the asset at the end of its useful life. As such, an asset’s estimated salvage value is an important...
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1 Straightline depreciation 2 Activity depreciation 3 ...View the full answer
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Related Book For 
Financial Accounting: A Business Process Approach
ISBN: 978-0136115274
3rd edition
Authors: Jane L. Reimers
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