2023 2024 2025 2026 3. Regina Retail Company purchased equipment worth $55,543 on March 1, 2023....

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2023 2024 2025 2026 3. Regina Retail Company purchased equipment worth $55,543 on March 1, 2023. The equipment should have an estimated life of 6 years or 10,710 hours. Residual value is estimated to be $8,300. Calculate the depreciation expense under both the Units-Of-Production and Straight-Line methods for the first four years of the use of the asset. The company's fiscal year ends March 31, 2023. Show all calculations, round dollar values to the nearest dollar (units of production depreciation rate, round to 3 decimals)! (11 marks) Fiscal Year Usage Unit 55 hours 660 hours 1,053 hours 250 hours 2023 2024 2025 2026 3. Regina Retail Company purchased equipment worth $55,543 on March 1, 2023. The equipment should have an estimated life of 6 years or 10,710 hours. Residual value is estimated to be $8,300. Calculate the depreciation expense under both the Units-Of-Production and Straight-Line methods for the first four years of the use of the asset. The company's fiscal year ends March 31, 2023. Show all calculations, round dollar values to the nearest dollar (units of production depreciation rate, round to 3 decimals)! (11 marks) Fiscal Year Usage Unit 55 hours 660 hours 1,053 hours 250 hours

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To calculate the depreciation expense for the machinery purchased by Regina Retail Company under both the UnitsOfProduction UOP and StraightLine SL me... View the full answer