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Question - Endeavor Company purchased a depreciable asset for $1,200,000 in 1/1//2000.
The estimated salvage value is 200,000 the estimated useful life is 8 years, and the estimated productive hours is 10,000 hours. Endeavor used the asset for 1,100 hours in 2000.
1) What would be the depreciation expense for 2001. Using sum of years didgeits method?
2) What would be the depreciation expense for 2002. Using double declining method?
3) What would be the depreciation expense for 2000. Using activity method?
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