Short Answer
A company purchased equipment valued at $825,000 on January 1.The equipment has an estimated useful life of seven years or six million units.The equipment is estimated to have a salvage value of $35,000.Assuming the straight-line method of depreciation,what is the book value at the end of the second year if .5 million units were produced?
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(825,000-35,000)/7 = 112,857....View Answer
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