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Calculate the amount of depreciation to report during the year ended December 31 for equipment that was purchased at a cost of $ 43,000 on October 1. The equipment has an estimated residual value of $ 3,000 and an estimated useful life of five years or 20,000 hours. Assume the equipment was used for 1,000 hours from October 1 to December 31 and the company uses
(a) straight line,
(b) double declining balance, or
(c) units of production depreciation.
All of the Information you need for the Project is located in this Workbook.There are 10 Sheets in the Workbook including this one.
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