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find beginning of period book value for 2022 and the depreciation expense for 2022 ...

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Accounting

find beginning of period book value for 2022 and the depreciation expense for 2022 image
for the work you have completed so far. It does not indicate completion. 26 Exercise -3 Migo) uepreciauon metnoas, paruai perioas LLUI4 Return to question The following information applies to the questions displayed below On October 1, 2021, the Allegheny Corporation purchased equipment for $233,000. The estimated service life of the equipment is 10 years and the estimated residual value is $2,000. The equipment is expected to produce 420,000 units during its life. Part 2 of 3 Required: Calculate depreciation for 2021 and 2022 using each of the following methods. Partial-year depreciation is calculated based on the number of months the asset is in service. 3.57 points Exercise 11-3 (Algo) Part 2 2. Double-declining balance. Answer is not complete. End of Period Depreciation for the Period Beginning of Period Book Value Depreciation xpense Depreciation Rate (%) Fraction of Year Accumulated Book Value Annual Period Depreciation 221,350 11,650 11,650 $ 20%) 3/12 $ 233,000 2021 221,350 11,650 12/12 20% 2022 Next> of 28 27 26

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