The amount of depreciation expense for a fixed asset costing $95,000. with an estimated residual value of $5,000. And a useful life of 5 years or 20,000. Operating hours, is $21,375 by the units of production method during a period when the asset was used for 4,500 hours

I need help to determine if it is true or false.

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Originally Posted by lseymour9586

The amount of depreciation expense for a fixed asset costing $95,000., wiht an estimated residual value of $5,000. and a useful life of 5 years or 20,000. operating hours, is $21,375 by the units of production method during a period when the asset was used for 4,500 hours

I need help to determine if it is true or false.

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Please start your own thread for your own question. Your question is not even related to the original post about when to record income.

And also see our guidelines about posting homework problems:

https://www.askmehelpdesk.com/financ...-b-u-font.html

I have moved your post, please do not ask a question as an answer to someone else's question, you will never get an answer like that.