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StormLrd StormLrd
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6 years ago
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. What is the amount of depreciation expense for 2014, if McNally's Extra Corporation uses the asset 4,000 hours and uses the units-of-production method of depreciation?
A) $20,000
B) $24,000
C) $25,000
D) $30,000
Textbook 
Cost Accounting: A Managerial Emphasis, Canadian Edition

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
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AlexmosutheAlexmosuthe
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6 years ago
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