On March 1, 2020, Peggy's Cafe acquired equipment for $220.000. The estimated life of the equipment is 5 years or 80,000 hours. The estimated residual value is $20,000. What is the depreciation for 2020, if Peggy's Cafe uses the asset 14,200 hours and uses the activity based depreciation method? (round to the nearest dollar) $29.583 $32,542 Ⓒ$35,500 $39.050 None of the above.

On March 1, 2020, Peggy's Cafe acquired equipment for $220.000. The estimated life of the equipment is 5 years or 80,000 hours. The estimated residual value is $20,000. What is the depreciation for 2020, if Peggy's Cafe uses the asset 14,200 hours and uses the activity based depreciation method? (round to the nearest dollar) $29.583 $32,542 Ⓒ$35,500 $39.050 None of the above.

Name: On March 1, 2020, Peggy's Cafe acquired equipment for $220.000. The e
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Description: On March 1, 2020, Peggy's Cafe acquired equipment for $220.000. The estimated life of theequipment is 5 years or 80,000 hours. The estimated residual value is $20.000. What is thedepreciation for 2020), if Peggy's Cafe uses the asset 14,200 hours an

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter11: Depreciation, Depletion, Impairment, And Disposal

Section: Chapter Questions

Problem 2E: Depreciation Methods Sorter Company purchased equipment for 200,000 on January 2, 2019. The...

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