Business, 10.05.2021 16:20 sis2depoxd8mj
On January 1, 2021, the Allegheny Corporation purchased equipment for $295,000. The estimated service life of the equipment is 10 years and the estimated residual value is $20,000. The equipment is expected to produce 280,000 units during its life.
Required:
Calculate depreciation for 2021 and 2022 using each of the following methods.
a. Sum-of-the-years'-digits.
b. One hundred fifty percent declining balance.
Answers: 1
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On January 1, 2021, the Allegheny Corporation purchased equipment for $295,000. The estimated servic...
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