Fantasy Limited purchased equipment on January 1, 2009 for $275,000. The asset's useful life was estimated at 5 years or 10,000 units of output, with no residual value. The company has a December 31 year end. Additional Information
Assuming the company uses the units-of-production depreciation method, what is the depreciation expense for 2009?

Question

Fantasy Limited purchased equipment on January 1, 2009 for $275,000. The asset's useful life was estimated at 5 years or 10,000 units of output, with no residual value. The company has a December 31 year end. Additional Information
 Assuming the company uses the units-of-production depreciation method, what is the depreciation expense for 2009?

Quizplus · Accepted Answer

The Answer of Fantasy Limited purchased equipment on January 1, 2009 for $275,000. The asset's useful life was estimated at 5 years or 10,000 units of output, with no residual value. The company has a December 31 year end. Additional Information
 Assuming the company uses the units-of-production depreciation method, what is the depreciation expense for 2009?

Fantasy Limited Purchased Equipment on January 1, 2009 for $275,000