Question: Current Attempt in Progress A depreciable asset with a cost of $42250 has a residual value of $2700 and a useful life of 7 years.

Current Attempt in Progress

A depreciable asset with a cost of $42250 has a residual value of $2700 and a useful life of 7 years. Total estimated units of output are 79100 and in year 1 a total of 5800 units were produced. Under the straight-line method and the units-of-activity method the depreciation expense for the first year would be

Straight-line

Units-of-activity

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