On January 1, 2021, the Allegheny Corporation purchased equipment for $160,000 The estimated service life of the
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Question:
On January 1, 2021, the Allegheny Corporation purchased equipment for $160,000 The estimated service life of the equipment is 10 years and the estimated residual value is $17,000 The equipment is expected to produce 260,000 units during its life.
Required:
Calculate depreciation for 2021 and 2022 using each of the following methods.
Straight line method, double-declining
Related Book For
Intermediate Accounting
ISBN: 978-1260481952
10th edition
Authors: J. David Spiceland, James Sepe , Mark Nelson, Wayne Thomas
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