Mountain View Resorts purchased equipment at the beginning of 2021 for $48,000. Residual value at the end of an estimated four-y

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3 years ago

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Mountain View Resorts purchased equipment at the beginning of 2021 for $48,000. Residual value at the end of an estimated four-y

ear service life is expected to be $8,700. The machine operated for 2,300 hours in the first year and the company expects the machine to operate for a total of 11,000 hours over its four-year life. Calculate depreciation expense for 2021, using each of the following depreciation methods: (1) straight-line, (2) double-declining-balance, and (3) activity-based.

Business

1 answer:

valkas [14] · Answer 1 · 2022-04-13T03:10:57+03:00

valkas [14]3 years ago

6 0

Mountain View Resorts purchased equipment at the beginning of 2021 for $46,000. Residual value at the end of an estimated four- year service life is expected to be $6,100.

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