Fields of Green, a turf farm, purchased equipment at the beginning of 2012 for $175,000. In addition, the company paid $6,000 for delivery of the equipment and $4,000 for set up charges. The equipment has an estimated residual value of $5,000 and an estimated life of 10 years or 50,000 hours of operation. The equipment was operated for 5,200 hours in 2012 and 5,000 hours in 2013.

Question

Fields of Green, a turf farm, purchased equipment at the beginning of 2012 for $175,000. In addition, the company paid $6,000 for delivery of the equipment and $4,000 for set up charges. The equipment has an estimated residual value of $5,000 and an estimated life of 10 years or 50,000 hours of operation. The equipment was operated for 5,200 hours in 2012 and 5,000 hours in 2013.
Fields of Green, a turf farm, purchased equipment at the beginning of 2012 for $175,000. In addition, the company paid $6,000 for delivery of the equipment and $4,000 for set up charges. The equipment has an estimated residual value of $5,000 and an estimated life of 10 years or 50,000 hours of operation. The equipment was operated for 5,200 hours in 2012 and 5,000 hours in 2013.

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The Answer of Fields of Green, a turf farm, purchased equipment at the beginning of 2012 for $175,000. In addition, the company paid $6,000 for delivery of the equipment and $4,000 for set up charges. The equipment has an estimated residual value of $5,000 and an estimated life of 10 years or 50,000 hours of operation. The equipment was operated for 5,200 hours in 2012 and 5,000 hours in 2013.

Fields of Green, a Turf Farm, Purchased Equipment at the Beginning