A company purchase equipment for 500000 cash on july 1

Reference no: EM13615497

A company purchase equipment for $500,000 cash on July 1, 2006. The estimated life is 5 years or 1,000,000 units; salvage value is estimated at $50,000. Actual activity was 180,000 units in 2004, and 200,000 units in 2006. Compute the annual depreciation expense for 2006.

Reference no: EM13615497

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