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On January 1, 2019 Bunder Ltd. acquired equipment for $235,000. The estimated li...
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On January 1, 2019 Bunder Ltd. acquired equipment for $235,000. The estimated life of the equipment is 8 years or 30,000 hours. The estimated residual value is $25,000. What is the amount of depreciation expense for 2019, if Bunder Ltd. uses the asset 4,200 hours and uses the units-of-production method of depreciation?
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