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Hearty Fried Chicken bought equipment on January 2, 2018, for $27,000. The equipment was expected...

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Accounting

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Hearty Fried Chicken bought equipment on January 2, 2018, for $27,000. The equipment was expected to remain in service for four years and to operate for 4 200 hours. At the end of the equipments useful life Hearty estimates that its residual value will be 56 000. The equipment operated for 420 hours the first year, 1260 hours the second year 1,600 hours the third year, and 840 hours the fourth year Read the requirements Begin by preparing a depreciation schedule using the straight line method Straight Line Depreciation Schedule Depreciation for the Year Asset Depreciable Useful Depreciation Cost Cost Expense 1-2-2018 5 27 000 12-31 2018 12-31-2019 Accumulated Depreciation Date 12:31 2021 Choose from any list or enter any number in the intents and then chok Check

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