The Cardinal Industries purchased a generator which cost $11000. it has estimated life value of 5 years

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The Cardinal Industries purchased a generator which cost $11000. it has estimated life value of 5 years and a residual value of $1000. it is estimated that it will be good for 5000 hours.

Compute the depreciation expense for the year using the units-of-production method of depreciation if the generator was used for 1040 hours.

What is the math involved here?

Related Book For answer-question

Financial Markets and Institutions

ISBN: 978-1337099745

12th edition

Authors: Jeff Madura

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Posted Date: Sep 06, 2018 03:12 AM

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The Cardinal Industries purchased a generator which cost $11000. it has estimated life value of 5 years

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Total depreciation 110001000 ... View the full answer

Financial Markets and Institutions

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