Lucas corp. purchased machinery for 315000 on may 12011it, Ask an Expert

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lucas Corp. purchased machinery for 315000 on may 1,2011,it is estimated that it will have a useful life of 10 years,salvage value of 15000 and production of 240000 units.During 2011 it produces 20000 units and 25500 units in 2012. compute the depreciation expense for 2011 and 2012 uder straight-line,units of activity,double-declining balance method.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M991122

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