Current Attempt in Progress Wildhorse Electronics purchased packaging equipment for $780,000 cash on July 1, 2022. Management estimates the equipment can package 1,040,000 inventory units and will be productive for 5 years. Its salvage value is estimated at $65,000. During 2022, the equipment packaged 169,000 units, with another 182,000 units in 2022. Compute the annual depreciation expense for 2022 and 2023, and book value at December 31, 2023, under the straight-line method. 2022 depreciation 2023 depreciation eTextbook and Media $ December 31, 2023 book value $ Save for Later $ Attempts: 0 of 3 used Submit Answer
Current Attempt in Progress Wildhorse Electronics purchased packaging equipment for $780,000 cash on July 1, 2022. Management estimates the equipment can package 1,040,000 inventory units and will be productive for 5 years. Its salvage value is estimated at $65,000. During 2022, the equipment packaged 169,000 units, with another 182,000 units in 2022. Compute the annual depreciation expense for 2022 and 2023, and book value at December 31, 2023, under the straight-line method. 2022 depreciation 2023 depreciation eTextbook and Media $ December 31, 2023 book value $ Save for Later $ Attempts: 0 of 3 used Submit Answer
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Current Attempt in Progress
Wildhorse Electronics purchased packaging equipment for $780,000 cash on July 1, 2022. Management estimates the equipment can
package 1,040,000 inventory units and will be productive for 5 years. Its salvage value is estimated at $65,000. During 2022, the
equipment packaged 169,000 units, with another 182,000 units in 2022.
Compute the annual depreciation expense for 2022 and 2023, and book value at December 31, 2023, under the straight-line method.
2022 depreciation
2023 depreciation
December 31, 2023 book value
eTextbook and Media
Save for Later
LA
LA
Attempts: 0 of 3 used
Submit Answer
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