Equipment purchased at the beginning of the fiscal year for $360,000 is expected to have a useful life of 5 years,or 14,000 operating hours,and a residual value of $10,000.Compute the depreciation for the first and second years of use by each of the following methods:

(Round the answer to the nearest dollar. )

Question

Equipment purchased at the beginning of the fiscal year for $360,000 is expected to have a useful life of 5 years,or 14,000 operating hours,and a residual value of $10,000.Compute the depreciation for the first and second years of use by each of the following methods:
  
(Round the answer to the nearest dollar. )

Quizplus · Accepted Answer

The Answer of Equipment purchased at the beginning of the fiscal year for $360,000 is expected to have a useful life of 5 years,or 14,000 operating hours,and a residual value of $10,000.Compute the depreciation for the first and second years of use by each of the following methods:
  
(Round the answer to the nearest dollar. )

Equipment Purchased at the Beginning of the Fiscal Year for $360,000