On january 1 2015 xxx corporation acquired equipment for, Ask an Expert

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On January 1, 2015, XXX Corporation acquired equipment for $260,000. The estimated life of the equipment is 5 years or 40,000 hours. The estimated salvage value is $20,000. If XXX Corporation uses the units of production method of depreciation, what will be the debit to Depreciation Expense for the year ended December 31, 2015—assuming that during this period the asset was used 8,250 hours?

A. $48,000 B. $49,500 C. $51,500 D. $53,625

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91603961

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