Question 10 10 pts Your Corporation uses the units of production method when depreciating its...
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Question 10 10 pts Your Corporation uses the units of production method when depreciating its equipment. It purchased equipment for $210,000. An additional $13,500 was spent to get the equipment operational. It will produce 1,200,000 units over its 5-year useful life and it has a salvage value of $7,500. The company produced 265,000 units with the equipment during the year of purchase. What amount will be recorded for depreciation expense for the equipment in the first year? $49,356 $44,719 $47,700 O $49,290 Question 11 10 pts Your Company purchased equipment on January 1 for $82,000. The machines were estimated to have a 5-year life and a salvage value of $4,250. The company uses the straight-line depreciation method. At the beginning of Year 4, Your Company spent $20,000 on a major overhaul the expected life was extended by 5 years and salvage was estimated to me $2,000. No improvements were made. The annual amount depreciation expense each of the remaining years would (Round to nearest dollar if you need to.) $ 8,892. $ 9,843. $ 7,621. $ 7,907. $ 5,400
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