Question: On April 0 1 , 2 0 1 7 , Sara Company purchased an equipment for $ 7 2 , 0 0 0 . Residual

On April 01,2017, Sara Company purchased an equipment for $72,000. Residual

On April 01,2017, Sara Company purchased an equipment for $72,000. Residual value at the end of an estimated five- year service life expected to be $6,000. The company expects the equipment to operate for 20,000 hours. Calculate depreciation expense for 2017 using the following depreciation method. (2 marks)
Straight line method. (1 marks)
Sum of the years' digits. (1 marks)
value at the end of an estimated five- year service life expected

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