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Required Informetion Use the following information for the Quick Studies below. (Algo) ...

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Accounting

Required Informetion
Use the following information for the Quick Studies below. (Algo)
[The following information applies to the questions displayed below.]
Equipment costing $21,600 with a 10-year useful life and an estimated $3,600 salvage value is acquired and started operating on January 1. The equipment is estimated to produce 2,000 units of product during its life. It produced 300 units in the first year.
QS 8-7(Algo) Computing depreclation under different methods LO P1
Compute depreciation for the first year under straight-line, units-of-production, and double-declining-balance.
Complete this question by entering your answers in the tabs below.
Required 2
Required 3
Compute depreciation for the first year under units-of-production.
\table[[Select formula for the depreciation rate of Units of Production:],[(Cost - Salvage value)?? Total units of production],[Calculate the first year depreciation expense:],[Depreciation per unit],[Units in first year],[Depreciation in first year]]
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