equipment acquired at a cost of 180 000 has an estimated residual value of 10 000 ha 642763
Equipment acquired at a cost of $180,000 has an estimated residual value of $10,000, has an estimated useful life of 40,000 hours, and was operated 3,600 hours during the year. Determine (a) the depreciable cost, (b) the depreciation rate, and (c) the units of production depreciation for the year.
Equipment acquired at the beginning of the year at a cost of $125,000 has an estimated residual value of $5,000 and an estimated useful life of 10 years. Determine (a) the depreciable cost, (b) the double declining balance rate, and (c) the double declining balance depreciation for the first year.
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