On January 1, 2021, Allegheny Corporation purchased equipment for $156,000. The estimated useful life of the equipment
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Question:
On January 1, 2021, Allegheny Corporation purchased equipment for $156,000. The estimated useful life of the equipment is 10 years and the estimated salvage value is $13,000. The equipment is expected to produce 220,000 units over its useful life.
Required:
Calculate depreciation for 2021 and 2022 using each of the following methods.
3. Production units (units produced in 2021, 46,000; units produced in 2022, 41,000). (Round "Unit Rate Depreciation" answers to 2 decimal places.)
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Related Book For
Intermediate accounting
ISBN: 978-0077647094
7th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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