Calculate the amount of depreciation to report during the year ended December 31 for equipment that...

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Calculate the amount of depreciation to report during the year ended December 31 for equipment that was purchased at a cost o

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Answer 1

Answer #1

Straight line

(88,000-3,000)/5 * 3/12

4250

Double declining

88,000*40%*3/12

8800

Units of production

(88,000-3,000)/20,000*1000

4250

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Answer 2

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