Question 2 [3 points) Al December 31, 2013 Ludwig Inc.'s balance sheet showed plant and...
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Question 2 [3 points) Al December 31, 2013 Ludwig Inc.'s balance sheet showed plant and equipment Information as detailed in the schedule below. Ludwig Inc. calculates depreciation to the nearest whole month. Please complete the schedule. Round depreciation per unit of production to the newest cent Cost Information Depreciation Accum Dep Dec Dep. Expense Accum. Dop. Dec. Description Purchase Date Depreciation Method Cost Residual Life 31, 2013 for 2014 31, 2014 Equment July 2, 2010 Straight line 112.000 10.000 5 years There have been no disposals or subsequent capital expenditures on the asset since the date of purchase. For simplicity, assume that the asset is depreciated as an individual tem and will not be broken down into parts and depreciated
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