In 2011 the company produced 4400 units and recorded a, Ask an Expert

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The Zorro Company purchased equipment on January 1, 2010, for $100,000. The equipment had an estimated residual value of $10,000, an estimated useful life of five years, and estimated lifetime output of 18,000 units. In 2011, the company produced 4,400 units and recorded a depreciation expense of $22,000. What depreciation method did the company use?

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Accounting Basics, Accounting

Category:- Accounting Basics
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