The Cardinal Industries purchased a generator which cost $11000. it has estimated life value of...
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Accounting
The Cardinal Industries purchased a generator which cost $11000. it has estimated life value of 5 years and a residual value of $1000. it is estimated that it will be good for 5000 hours. compute the depreciation expense for the year using the units-of-production method of depreciation if the generator was used for 1040 hours. what is the math involved here?
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