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Mountain View Resorts purchased equipment at the beginning of 2021 for $32,000. Residual value at the end of an estimate
Posted: Fri Jul 01, 2022 8:39 am
by answerhappygod
- Mountain View Resorts Purchased Equipment At The Beginning Of 2021 For 32 000 Residual Value At The End Of An Estimate 1 (20.34 KiB) Viewed 25 times
Mountain View Resorts purchased equipment at the beginning of 2021 for $32,000. Residual value at the end of an estimated four- year service life is expected to be $6,900. The machine operated for 1,600 hours in the first year and the
company expects the machine to operate for a total of 10,000 hours over its four-year life. Calculate depreciation expense for 2021, using each of the following depreciation methods: (1) straight-line, (2) double-declining- balance, and (3) activity-based. (Round your intermediate calculations to 2 decimal places.) Straight-line Double-declining-balance Activity-based Depreciation Expense