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Calculate depreciation expense for the ?rst year

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Problem - Hawaiian Speciaity Foods purchased equipment for $13,000. Residual value at the end of an estimated four-year service life is expected to be $1,300. The machine operated for 1,800 hours in the ?rst year, and the company expects the machine to operate for a total of 10,000 hours. Calculate depreciation expense for the ?rst year using each of the following depreciation methods: (1) straight-line, (2) double- declining-balance and (3) activity-based.

Reference no: EM132961908

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