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Calculate depreciation expense for the first year using

Question - Mountainview Resorts purchased equipment for $31,000. Residual value at the end of an estimated four-year service life is expected to be $7,800. The machine operated for 2,200 hours in the first year and the company expects the machine to operate for a total of 11,000 hours over its four year life.

Calculate depreciation expense for the first year using each of the following depreciation methods: (1) straight-line, (2) double-declining-balance, and (3) activity-based.

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Accounting Basics: Calculate depreciation expense for the first year using

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