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Current Attempt in Progress On April 22,2023, Wildhorse Enterprises purchased equipment for $139,600....

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Accounting

Current Attempt in Progress
On April 22,2023, Wildhorse Enterprises purchased equipment for $139,600. The comparry expects to use the equipment for 12,000 working hours during its four-year life and that it will have a residual value of $16,000. Wildhorse has a December 31 year end and pro-rates depreclation to the nearest month. The actual machine usage was: 1,900 hours in 2023; 2,500 hours in 2024;4,000 hours in 2025; 2,600 hours in 2026; and 1,200 hours in 2027.
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