Question: 5 5 7 8 P 10 11 12 13 14 15 Perdue Company purchased equipment on June 1, 2014, for $300,000. The equipment was

5 5 7 8 P 10 11 12 13 14 15 Perdue

5 5 7 8 P 10 11 12 13 14 15 Perdue Company purchased equipment on June 1, 2014, for $300,000. The equipment was expected to have a useful life of three years, or 20,000 operating hours. and a residual value of $10,000. The equipment was used for 9000 hours in 2014, 6000 hours in 2015, 4000 hours in 2016 and 1000 hours in 2017. Complete the table below using the units of production method. Year 2014 2015 2016 2017 Depr Expense 4 Accum Depr Book Value

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