It's Really Chicken! bought equipment on January 12018 , for $22,300. The equipment was expected...
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It's Really Chicken! bought equipment on January 12018 , for $22,300. The equipment was expected to remain in service for 4 years and to perform 3,410 fry jobs. At the end of the equipment's useful life, It's Really Chicken! estimates that its residual value will be $3,000. The equipment performed 300 jobs the first year, 1,000 the second year, in the third year it did 1,380 jobs, and the fourth year, 730 . Prepare a schedule of depreciation expense, accumulated depreciation, and book value per year for the equipment under the three depreciation methods. Note: Input rates as the decimal value. Units-of-Production Depreciation Schedule
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It's Really Chicken! bought equipment on January 12018 , for $22,300. The equipment was expected to remain in service for 4 years and to perform 3,410 fry jobs. At the end of the equipment's useful life, It's Really Chicken! estimates that its residual value will be $3,000. The equipment performed 300 jobs the first year, 1,000 the second year, in the third year it did 1,380 jobs, and the fourth year, 730 . Prepare a schedule of depreciation expense, accumulated depreciation, and book value per year for the equipment under the three depreciation methods. Note: Input rates as the decimal value. Units-of-Production Depreciation Schedule 