Question 7 3 pts Oakville Estates, Inc. purchased a reel lawnmower on January 1, 2020, for...
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Question 7 3 pts Oakville Estates, Inc. purchased a reel lawnmower on January 1, 2020, for $45,000. The lawnmower's useful life is estimated to be 20,000 hours and has a residual value of $5,000. It Oakville Estates used the lawnmower 4,500 hours in 2020 and 5,000 miles in 2021, what is the balance for accumulated depreciation at the end of 2021 using the activity-based method? $10,000 $9,000 $21.375 O $19,000 Question 7 3 pts Oakville Estates, Inc. purchased a reel lawnmower on January 1, 2020, for $45,000. The lawnmower's useful life is estimated to be 20,000 hours and has a residual value of $5,000. It Oakville Estates used the lawnmower 4,500 hours in 2020 and 5,000 miles in 2021, what is the balance for accumulated depreciation at the end of 2021 using the activity-based method? $10,000 $9,000 $21.375 O $19,000
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Related Book For
Advanced Accounting
ISBN: 978-0077431808
10th edition
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
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