Salvage value is estimated at 50000 actual activity was, Accounting Basics

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Salvage value is estimated at 50000 actual activity was

A company purchase equipment for $500,000 cash on July 1, 2006. The estimated life is 5 years or 1,000,000 units; salvage value is estimated at $50,000. Actual activity was 180,000 units in 2004, and 200,000 units in 2006. Compute the annual depreciation expense for 2006.

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Accounting Basics: Salvage value is estimated at 50000 actual activity was

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Accounting Basics: Salvage value is estimated at 50000 actual activity was

Reference No:- TGS0597685

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Discuss how supply and demand would be affected under each

Q : A vessel of volume 224 l contains 20 mol h2 and 10 mol n2

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Ask an Expert for Answer!!

Accounting Basics: Salvage value is estimated at 50000 actual activity was

Reference No:- TGS0597685

Recent Questions Asked Accounting Basics

Q : Discuss how supply and demand would be affected under each

Q : A vessel of volume 224 l contains 20 mol h2 and 10 mol n2

Q : The journal entry required on the companysbooks to record

Q : Gas is contained in a 600-l vessel at a temperature of

Q : Salvage value is estimated at 50000 actual activity was

Q : B unit vector a theta dotted with unit vector a y dotted

Q : Analyze the different ways to evaluate economic

Q : On january 1 2009 roosevelt company purchased 12 bonds

Q : A 19cm times 19cm times 19cm box with its edgesaligned with

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