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What is the book value of the equipment at December

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Reference no: EM132520098

Question - Husnan Ltd purchased equipment on January 1, 2018 for $90,000. It is estimated that the equipment will have a $5,000 salvage value at the end of its 5-year useful life. It is also estimated that the equipment will produce 100,000 units over its 5-year life.

Instructions -

(1) Compute the amount of depreciation expense for the year ended December 31, 2018, using the straight-line method of depreciation.

(2) If 16,000 units of product are produced in 2018 and 24,000 units are produced in 2019, what is the book value of the equipment at December 31, 2019? The company uses the units-of-activity depreciation method.

Reference no: EM132520098

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