Cardinal industries purchased a generator that cost $11,000. it has an estimated life of five years and a residual value of $1,000. it is estimated that it will be good for 5,000 hours. compute the depreciation expense for the first year using the units-of-activity method of depreciation assuming the generator was used for 1,040 hours.

2080 dollars

Explanation:

Given that Cardinal Industries purchased a generator that cost $11,000

cost of generator = 11000

Estimated life       = 5 years

Residual value     =1000

Hours                    =5000

Depreciation per unit hour = (Cost - residual value)/total lifetime hours

=

For first year the generator was used for 1,040 hours.

Hence depreciation to be charged in I year

=

answer is 2080 dollars.

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public property refers to the property that can be used by all legal citizens in a certain country. the public property was created and maintain using the government budget that allocated specifically for it. the budget itself come from the citizen's income tax payment.