Business, 03.12.2021 22:50, hannahcolleen4895
On January 1, year 1, Clem Corp. purchased equipment for $160,000. The equipment has a residual value of $10,000, and has a life of 100,000 hours. Clem uses the activity-based method of depreciation. In year 1, Clem used the machine 2,000 hours, and in year 2, Clem used the machine 3,000 hours. What is the depreciation expense for year 2?
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On January 1, year 1, Clem Corp. purchased equipment for $160,000. The equipment has a residual valu...
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