Datco company purchased new equipment for $90,000. The estimated salvage value is $5,000. The equipment has a
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Datco company purchased new equipment for $90,000. The estimated salvage value is $5,000. The equipment has a useful life of 5 years and the clinic expects to use it for 10,000 hours. It was used for 1,600 hours in year 1; 2,200 hours in year 2; 2,400 hours in year 3; 1,800 hours in year 4; 2,000 hours in year 5.
Prepare a depreciation schedule by using the following depreciation methods
1)Straight line
2)Unit of activity
3)Double declining balance
4)Sum of the year digit
Related Book For
Intermediate accounting
ISBN: 978-0077647094
7th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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