The Amount of Depreciation Expense for a Fixed Asset Costing

question 196

True/False

The amount of depreciation expense for a fixed asset costing $95,000, with an estimated residual value of $5,000 and a useful life of five years or 20,000 operating hours, is $21,375 by the units-of-activity method during a period when the asset was used for 4,500 hours.

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Definitions:

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