Multiple Choice
Equipment that cost of $180,000 has an estimated residual value of $15,000 and an estimated useful life of 4 years or 25,000 hours.Using the units-of-production method, the depreciation expense for the first year, during which the machine was used 3,300 hours, would be
A) $45,000.
B) $41,500.
C) $23,760.
D) $21,780.
Correct Answer:
Verified
Correct Answer:
Verified
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