Screen Gems Movie Theater purchased a new projector for $155,000 with a salvage
ID: 3076481 • Letter: S
Question
Screen Gems Movie Theater purchased a new projector for $155,000 with a salvage value of $2,000. Delivery and installation amounted to $580. The projector is expected to have a useful life of 15,000 hours. Complete the following depreciation schedule for first four years of operation by using the units-of-production method.
end of year (for years 1,2,3,4)
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***depreciation per hour 1,2,3,4
hours for year 1=2,300
hours for year 2=1,890
hours for year 3=2,160
hours for year 4=2,530
need answers for
***annual depreciation 1,2,3,4
need answers for
***accumulated depreciation1,2,3,4
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***book value 0,1,2,3,4
Explanation / Answer
explaination is not clear.................
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