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Question: Department computation: Blair Hoe Company purchased equipment for $424,000 on October 1, 2003. It is estimated that the equipment will have an useful life of 8 years and a salvage value of $24,000. Estimated production is 40,000 units. During 2003, Blair uses the equipment to produce 5000 units.

Instructions: Compare expenses under each of the following methods. Blair is on a calendar year basis ending December 31.

1. Straight line method for 2003.

2. Activity method for 2003.

3. SYD method for 2005

4. Double-declining balance method for 2004.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92588236

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