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Question: On July 1, 2016, Baruch Corporation equipment for $500,000. The estimated life of the equipment i…
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Question: On July 1, 2016, Baruch Corporation equipment for $500,000. The estimated life of the equipment i...

Show transcribed image text On July 1, 2016, Baruch Corporation equipment for $500,000. The estimated life of the equipment is 6 years or 80,000 hours. The estimated residual value is $20,000. If Baruch Corporation uses the units-of-production method of depreciation, what accumulated depreciation for the year ended December 31, 2017, assuming that the asset was used for 10,000 hours and 15,000 hours during 2016 and 2017, respectively? $80,000 $166, 667 $60,000 $150,000

On July 1, 2016, Baruch Corporation equipment for $500,000. The estimated life of the equipment is 6 years or 80,000 hours. The estimated residual value is $20,000. If Baruch Corporation uses the units-of-production method of depreciation, what accumulated depreciation for the year ended December 31, 2017, assuming that the asset was used for 10,000 hours and 15,000 hours during 2016 and 2017, respectively? $80,000 $166, 667 $60,000 $150,000

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