Business, 25.03.2020 17:01 fathimasaynas2384

Super Saver Groceries purchased store equipment for $43,000. Super Saver estimates that at the end of its 10-year service life, the equipment will be worth $4,000. During the 10-year period, the company expects to use the equipment for a total of 13,000 hours. Super Saver used the equipment for 1,200 hours the first year.
Required: Calculate depreciation expense of the equipment for the first year, using each of the following methods

1. Straight-line.

Depreciation expence:

2.Double Declining Method

Depreciation expence:

3.Activity Based

Depreciation Expence:

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Super Saver Groceries purchased store equipment for $43,000. Super Saver estimates that at the end o...

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