Equipment That Cost of $180,000 Has an Estimated Residual Value

question 119

Multiple Choice

Equipment that cost of $180,000 has an estimated residual value of $15,000 and an estimated useful life of 4 years or 25,000 hours.Using the units-of-production method, the depreciation expense for the first year, during which the machine was used 3,300 hours, would be

• A)$45,000.
• B)$41,500.
• C)$23,760.
• D)$21,780.

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