If the company uses the units-of-production method, what is the depreciation rate per hour for the equipment?

A company bought equipment at a cost of $68,000. The equipment has an estimated residual value of $4,000 and an estimated existence of eight years, or 12,500 hours of operation. The equipment was purchased on January 1, 2008. During the first year if operation, it was used for 1,800 hours. At the finish off of seven years, the company expects to replace this old equipment with a newer model at an estimated cost of $85,000.

If the company uses the units-of-production method, what is the depreciation rate per hour for the equipment?

A. $5.12
B. $5.44
C. $35.55
D. 37.88

if the company uses the double deteriorating balance depreciation method, what amount is the depreciation expense for 2008?

A. $18,000
B. $17,000
C. $16,000
D. $15,000

if the company uses the straight line depreciation method and sell the equipment for 18,000 cash at the end of Year 7, what is the gain or loss on the mart?

A. $6,000
B. $18,000
C. $56,000
D.$68,000
Answers:
You can expect someone to do all that. Ask a simpler question subsequent time.

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