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28 Sep 2019
Razar Sharp Company purchased equipment on July 1, 2014, for$70,470. The equipment was expected to have a useful life of threeyears, or 5,940 operating hours, and a residual value of $2,160.The equipment was used for 1,100 hours during 2014, 2,100 hours in2015, 1,800 hours in 2016, and 940 hours in 2017. Required:Determine the depreciation expense for the years ended December 31,2014, 2015, 2016, and 2017 using double-declining method
Razar Sharp Company purchased equipment on July 1, 2014, for$70,470. The equipment was expected to have a useful life of threeyears, or 5,940 operating hours, and a residual value of $2,160.The equipment was used for 1,100 hours during 2014, 2,100 hours in2015, 1,800 hours in 2016, and 940 hours in 2017. Required:Determine the depreciation expense for the years ended December 31,2014, 2015, 2016, and 2017 using double-declining method
Irving HeathcoteLv2
28 Sep 2019