Please help. A and C are wrong. M9-7 Calculating Partial-Year Depreciation...
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Please help. A and C are wrong.
M9-7 Calculating Partial-Year Depreciation [LO 9-3] Calculate the amount of depreciation to report during the year ended December 31 for equipment that purchased at a cost of $66,000 and an estimated useful life of five years or 20,000 hours. Assume the equipment was used for 1,000 hours from October 1 to December 31 and the company uses (a) straight-line, (b) double-declining-balance, or (c) units-of-production depreciation. (Do not round intermediate calculations.) was on October 1. The equipment has an estimated residual value of $1,000 (a) Straight-Line (b) Double-Declining-Balance (c) Units-of-Production epreciation 3,000 $6,600 S3,000
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