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ACC - Security IDs Company purchased equipment on July 1, 2010

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Question;Security IDs Company purchased equipment on July 1, 2010, for $135,000. The equipment was expected to have a useful life of three years, or 12,000 operating hours, and a residual value of $6,000. The equipment was used for 1,500 hours during 2010, 3,500 hours in 2011, 5,000 hours in 2012, and 2,000 hours in 2013.InstructionsDetermine the amount of depreciation expense for the years ended December 31, 2010,2011, 2012, and 2013, by (a) the straight-line method, (b) the units-of-production method,and (c) the double-declining-balance method. Round to the nearest dollar.

 

Paper#43099 | Written in 18-Jul-2015

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