Super Saver Groceries purchased store equipment for $19,000. Super Saver estimates that at the end...
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Accounting
Super Saver Groceries purchased store equipment for $19,000. Super Saver estimates that at the end of its 10-year service life, the equipment will be worth $2,000. During the 10-year period, the company expects to use the equipment for a total of 10,000 hours. Super Saver used the equipment for 1,550 hours the first year.
Calculate depreciation expense of the equipment for the first year, using each of the following methods.
a. Straight-line.
b. Double-declining-balance.
c. Activity-based.
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