Question

Super Saver Groceries purchased store equipment for $ 29,500. Super Saver estimates that at the end of its 10-year service life, the equipment will be worth $ 3,500. During the 10-year period, the company expects to use the equipment for a total of 13,000 hours. Super Saver used the equipment for 1,700 hours the first year.

Required:
Calculate depreciation expense for the first year, using each of the following methods. Round all amounts to the nearest dollar.
1. Straight-line.
2. Double-declining- balance.
3. Activity-based.



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  • CreatedJuly 15, 2014
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