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    lseymour9586's Avatar
    lseymour9586 Posts: 3, Reputation: 1
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    #1

    May 26, 2008, 12:53 PM
    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.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    May 26, 2008, 03:18 PM
    Quote 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.
    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
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    May 26, 2008, 04:48 PM
    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.

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