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Required information [The following information applies to the questions displayed below) On January 1, 2021, the Allegh
Posted: Thu May 19, 2022 11:26 am
by answerhappygod
- Required Information The Following Information Applies To The Questions Displayed Below On January 1 2021 The Allegh 1 (30.88 KiB) Viewed 69 times
Required information [The following information applies to the
questions displayed below) On January 1, 2021, the Allegheny Corporation purchased equipment for $139,000. The estimated service life of the equipment is 10 years and the estimated residual value is $7000. The equipment is expected to produce 228,000 units during its life. Required: Calculate depreciation for 2021 and 2022 using each of the following methods. 2. One hundred fifty percent declining balance (Round final answers to the nearest whole dollar amount.) Year Depreciation expense 2021 2022