What is the net book value of the equipment at december

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Question - RC Company purchased equipment on January 1, 2018 for $50,000. It is estimated that the equipment will have a $5,000 residual value at the end of its 5-year useful life. It is also estimated that the equipment will produce 75,000 units over its 5-year life.

If 16,000 units of product are produced in 2018 and 24,000 units are produced in 2018, what is the net book value of the equipment at December 31, 2019? The company uses the units-of-activity amortization method.

Reference no: EM132924917

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