Business, 05.05.2020 05:39 buddyben422

On October 1, 2021, the Allegheny Corporation purchased equipment for $278,000. The estimated service life of the equipment is 10 years and the estimated residual value is $3,000. The equipment is expected to produce 550,000 units during its life.

Calculate depreciation for 2021 and 2022 using each of the following methods. Partial-year depreciation is calculated based on the number of months the asset is in service.

1. Straight line.
2. Sum-of-the-yearsâ-digits.
3. Double-declining balance.

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On October 1, 2021, the Allegheny Corporation purchased equipment for $278,000. The estimated servic...

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