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Razar sharp company purchased equipment on july

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1. Razar Sharp Company purchased equipment on July 1, 2014, for $50,490. The equipment was expected to have a useful life of three years, or 7,560 operating hours, and a residual value of $1,350. The equipment was used for 1,400 hours during 2014, 2,600 hours in 2015, 2,300 hours in 2016, and 1,260 hours in 2017. 

Reference no: EM131022213

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Razar sharp company purchased equipment on july : Razar Sharp Company purchased equipment on July 1, 2014, for $50,490. The equipment was expected to have a useful life of three years, or 7,560 operating hours, and a residual value of $1,350.
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