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Estimating Depreciation Expense and Book Value
Equipment costing $29,000, with a scrap value of $5,000 was purchased on January 1, by Global Communications, Inc. The estimated useful life of the equipment was 4 years and it was expected to generate 80,000 finished units of production.
Units actually produced were 14,000 in Year 1 and 20,000 in Year 2.
Required
Compute the following.
Straight-lineDouble-declining-balanceUnits-of-production
matthew borrows 250000 to invest in bonds. during 2013 his interest on the loan is 30000. matthews interest income from
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