Title: On January 2, 2012 McNally's Extra Corporation acquired equipment for $120,000. The estimated life ... Post by: Harrison on Nov 10, 2017 On January 2, 2012 McNally's Extra Corporation acquired equipment for $120,000. The estimated life of the equipment is 5 years or 20,000 hours. The estimated residual value is $20,000. If McNally's Extra Corporation uses the straight-line method of depreciation, what will be the debit to Depreciation Expense for the year ended December 31, 2013, during which period the asset was used 4,500 hours?
A) $20,000 B) $22,500 C) $24,000 D) $27,000 Title: Re: On January 2, 2012 McNally's Extra Corporation acquired equipment for $120,000. The estimated ... Post by: msayed2004 on Nov 10, 2017 Content hidden
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