Complete the straight-line and double-declining-balance depreciation tables below using the following:
Equipment Cost $280,000
Residual Value 5,000
Life 5 years
Assume that the equipment in problem 1 is to be depreciated using the units-of-output method with a life estimate of 100,000 hours. Record the depreciation for the year if the equipment was actually used 23,000 hours.
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