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Calculate the amount of depreciation expense

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Question - On January 1, 2019, Gracie Co. purchased $12,000 of equipment. The company estimates the equipment to have a useful life of 5 years, or 10,000 hours, and a salvage value of $2.000. Assume the company uses the units of production method. Calculate the amount of depreciation expense in 2019 assuming 1,450 hours are used in 2019.

Reference no: EM133156596

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