Northgate Coal Mining uses the units-of-production method of depreciation. A piece of heavy equipment costing $368,000 produces an estimated 1,740,000 units in its life and has an value of $20,000. It produced 316,000 units in the first year estimated scrap Refer to Northgate Coal Mining. Compute the depreciation for the first year. O $62,200.00 O S63,200.00 O $66,832.18 O S66,823.18
Northgate Coal Mining uses the units-of-production method of depreciation. A piece of heavy equipment costing $368,000 produces an estimated 1,740,000 units in its life and has an value of $20,000. It produced 316,000 units in the first year estimated scrap Refer to Northgate Coal Mining. Compute the depreciation for the first year. O $62,200.00 O S63,200.00 O $66,832.18 O S66,823.18
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter18: Accounting For Long-term Assets
Section: Chapter Questions
Problem 6CE
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Question
![Northgate Coal Mining uses the units-of-production method of depreciation. A piece of heavy
equipment costing $368,000 produces an estimated 1,740,000 units in its life and has an
value of $20,000. It produced 316,000 units in the first year
estimated
scrap
Refer to Northgate Coal Mining. Compute the depreciation for the first year.
O $62,200.00
O S63,200.00
O $66,832.18
O S66,823.18](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F799a3e5b-b2c5-4189-acf1-0556f4000126%2F6b7c7e93-4dc1-42ae-97e4-fedad9f87794%2Fym1qm7r_processed.png&w=3840&q=75)
Transcribed Image Text:Northgate Coal Mining uses the units-of-production method of depreciation. A piece of heavy
equipment costing $368,000 produces an estimated 1,740,000 units in its life and has an
value of $20,000. It produced 316,000 units in the first year
estimated
scrap
Refer to Northgate Coal Mining. Compute the depreciation for the first year.
O $62,200.00
O S63,200.00
O $66,832.18
O S66,823.18
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