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Agazzi Company purchased equipment for $396,625 on October 1, 2012. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $31,040. Estimated production is 39,100 units and estimated working hours are 19,400. During 2012, Agazzi uses the equipment for 540 hours and the equipment produces 1,100 units. Compute depreciation expense under each of the following methods. Agazzi is on a calendar-year basis ending December 31.
Image text transcribed for accessibility Agazzi Company purchased equipment for $396,625 on October 1, 2012. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $31,040. Estimated production is 39,100 units and estimated working hours are 19,400. During 2012, Agazzi uses the equipment for 540 hours and the equipment produces 1,100 units. Compute depreciation expense under each of the following methods. Agazzi is on a calendar-year basis ending December 3
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