On January 1,2021, Canseco Plumbing Fixtures purchased equipment for $50,000. Residual value at the end...

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On January 1,2021, Canseco Plumbing Fixtures purchased equipment for $50,000. Residual value at the end of an estimated On January 1,2021, Canseco Plumbing Fixtures purchased equipment for $50,000. Residual value at the end of an estimated
4 year service life is expected to be $22,000. The company expects the equipment to operate for 15,000 hours.
Required:
a. Calculate depreclation expense for 2021 and 2022 using sum-of-the-years'-digits assuming the equipment was purchased
on January 1,2021.
b. Calculate depreclation expense for 2021 and 2022 using sum-of-the-years'-diglts assuming the equipment was purchased
on March 31,2021.
Complete this question by entering your answers in the tabs below.
Required B
Calculate depreciation expense for 2021 and 2022 using sum-of-the-years'-digits assuming the equipment was purchased on
March 31,2021.
4 year service life is expected to be $22,000. The company expects the equipment to operate for 15,000 hours.
Required:
a. Calculate depreclation expense for 2021 and 2022 using sum-of-the-years'-digits assuming the equipment was purchased
on January 1,2021.
b. Calculate depreciation expense for 2021 and 2022 using sum-of-the-years'-digits assuming the equipment was purchased
on March 31,2021.
Complete this question by entering your answers in the tabs below.
Calculate depreciation expense for 2021 and 2022 using sum-of-the-years'-digits assuming the equipment was purchased on
January 1,2021.
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