=+PR 10-2B Compare three depreciation methods obj. 2

✔

a. 2008: straightline depreciation,

$21,000 Chapter 10 Fixed Assets and Intangible Assets 481 Quality IDs Company purchased plastic laminating equipment on July 1, 2008, for

$15,660. The equipment was expected to have a useful life of three years, or 18,825 operating hours, and a residual value of $600. The equipment was used for 3,750 hours