Pumpkin Co. uses the units of production method of depreciation. They purchased some equipment at a cost
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Question:
Pumpkin Co. uses the units of production method of depreciation. They purchased some equipment at a cost of $92,000 on January 1, 2021. The estimated useful life is 5 years or 50,000 units. During 2021 8,700 units were produced. The salvage value is estimated at $12,000.
Calculate depreciation for the year ended December 31, 2021. Round your answer to two decimals and do not include a dollar sign in your response.
Related Book For
Intermediate Accounting Volume 1
ISBN: 978-1119496496
12th Canadian edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
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