Solution-Calculate depreciation expense

Calculate depreciation expense

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Problem - Bad Buoys paid $191,427 to purchase equipment at the beginning of 2019. Bad Buoys estimated the useful life of the equipment to be 4 years or 191,610 units. The equipment will be considered fully amortized when the balance in the Accumulated Depreciation account reaches $171,657. The equipment produced 50,299 units in 2022. Calculate depreciation expense for 2022 under the double-declining/diminishing-balance method. Do not round intermediary answers.

Reference no: EM133019706

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Calculate depreciation expense

Reference no: EM133019706

Reference no: EM133019706

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