Answer Happy

wherhewig indocode restions Alisused nieraft on January 1, 2015 at a cost of $35,000,000. Ar time of purchases and estimated residual value of the aircraft were 16 years and $3,000,000 Om 1.2021 the site estimated that the remaining useful life of the aircraft to be 8 dva $1,600.000 The Company uses the straight-line method. No depreciation che recorded la 2021. Determine the amount of Depreciation Expense for 2021. Clearly show caitians for unders that are nel givea (6 painti). 2 Canywaty purchased equipment on May 1, 2018 for $800,000. It is estimated that the equipment will ne residula at the end or its 6-year useful life. It is also estimated that the equipment will produce 120.000 umiy over its 6-year life. Assuming 8,000 units of product Are produced in 2018 and 12.000 are produced in 2019, what is the nel carrying (book) value of the equipment at December 31, 2019 according to the walts-of production depreciation method? Clearly show calculations for rambers that are margin (5 points)