On January 2, 2017, Zebra Ltd.purchased equipment to be used in its manufacturing operations.The equipment has an estimated useful life of ten years, and an estimated residual value of $22,000.It was also estimated that the equipment would be used a total of 42,000 hours over its useful life.The depreciation expense for this equipment was $104,000 for calendar 2018, using the units of production method.The machine was used for 5,000 hours in 2018.The acquisition cost of the equipment was
A) $815,600.
B) $872,400.
C) $873,600.
D) $895,600.
Correct Answer:
Verified
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