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At the beginning of last year, Bentley Corporation purchased a piece of heavy equipment for...

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Accounting

At the beginning of last year, Bentley Corporation purchased a piece of heavy equipment for $ 49,000. The equipment has a life of five years or 100,000 hours. The estimated residual value is $ 9,000. Bentley used the equipment for 25,000 hours last year and 30,000 hours this year. Depreciation expense for year two using double-declining-balance (DDB) and units-of-production (UOP) methods would be as follows:

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