Cost of asset: $11,000 Estimated Useful life: 10 years Estimated Total Units of activity : 5000 units Estimated Salvage value: $1000 Units of Production in Year 1:100 units Units of Production in Year 2: 500 units Units of Production in Year 3: 800 units Units of activity method: Net Book Value at the end of year 3 is $_

Cost of asset: $11,000 Estimated Useful life: 10 years Estimated Total Units of activity : 5000 units Estimated Salvage value: $1000 Units of Production in Year 1:100 units Units of Production in Year 2: 500 units Units of Production in Year 3: 800 units Units of activity method: Net Book Value at the end of year 3 is $_

Name: Cost of asset: $11,000Estimated Useful life: 10 yearsEstimated Total
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Description: Cost of asset: $11,000Estimated Useful life: 10 yearsEstimated Total Units of activity : 5000 unitsEstimated Salvage value: $1000Units of Production in Year 1:100 unitsUnits of Production in Year 2:500 unitsUnits of Production in Year 3: 800 unitsUn

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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from the following facts,for the units produced depreciation what is given cost - $40,000 residual value - $5,000 est total units produced for useful life calculation - $100,00 units produced per year: year 1 -20,000 year 2- 15,000 year 3- 25,000 year 4- 32,000 year 5- 17,000 year 6 - 15,000 required; number of years the equipment is depreciated
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Sum of the Years Digit Method