Essay
Calculate the depreciation for a $246,000 asset with a $10,000 salvage value that can produce 400,000 units over its 10-year life using the following methods.Assume the asset was purchased Oct 1 ,2009.During 2009 the asset produced 13,000 units and in 2010 it produced 28,000 units.How much depreciation expense will be recorded for 2009 and 2010.Write answers in the spaces below.YOU MUST SHOW YOUR WORK TO RECEIVE ANY CREDIT!
Correct Answer:
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(1.)($246,000 - $10,000)/ 10 = $23,600 x...View Answer
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