Solution-Compute the amount of depreciation expense

Compute the amount of depreciation expense

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Reference no: EM132647401

Question - A factory machine was purchased for $375,000 on January 1, 2018. It was estimated that it would have a $75,000 salvage value at the end of its 5-year useful life. It was also estimated that the machine would be run 40,000 hours in the 5 years. The company ran the machine for 4,000 actual hours in 2018. If the company uses the units-of-activity method of depreciation, compute the amount of depreciation expense for 2018?

$37,500.

$60,000.

$75,000.

$30,000.

Reference no: EM132647401

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Compute the amount of depreciation expense

Reference no: EM132647401

Reference no: EM132647401

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