At the beginning of last year, Brentwood Corporation purchased a piece of heavy equipment for $29,000. The equipment has a life of five years or 100,000 hours. Kf The estimated residual value is $9.000. Bremond used the equipment for 16,000 hours last year and 22,000 hours this year. Depreciation expense for year two using double-declining-balance (DDB) and units-of-production (UOP) methods would be as follows: (Carry all rates to two decimal places, XX) OA DOB UOP $6,000 $4,400 OB. DOB $4,800 UOP $6.380 OC DOB UOP $4,800 $4,400 OD DOB UOP $6.960 $6,380

At the beginning of last year, Brentwood Corporation purchased a piece of heavy equipment for $29,000. The equipment has a life of five years or 100,000 hours. Kf The estimated residual value is $9.000. Bremond used the equipment for 16,000 hours last year and 22,000 hours this year. Depreciation expense for year two using double-declining-balance (DDB) and units-of-production (UOP) methods would be as follows: (Carry all rates to two decimal places, XX) OA DOB UOP $6,000 $4,400 OB. DOB $4,800 UOP $6.380 OC DOB UOP $4,800 $4,400 OD DOB UOP $6.960 $6,380

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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