Business, 18.11.2019 23:31 sskibi1243
Calculate the amount of depreciation to report during the year ended december 31 for equipment that was purchased at a cost of $56,000 on october 1. the equipment has an estimated residual value of $2,000 and an estimated useful life of five years or 20,000 hours. assume the equipment was used for 1,000 hours from october 1 to december 31 and the company uses (a) straight-line, (b) double-declining-balance, or (c) units-of-production depreciation. (do not round intermediate calculations.)
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