Greeley,Inc.purchased slot machines at the beginning of 2012 for $20,000.The machines have an estimated residual value of $2,000 and an estimated life of 5 years or 20,000 hours of operation.Greeley is looking at alternative depreciation methods for the equipment.Calculate the following:

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The Answer of Greeley,Inc.purchased slot machines at the beginning of 2012 for $20,000.The machines have an estimated residual value of $2,000 and an estimated life of 5 years or 20,000 hours of operation.Greeley is looking at alternative depreciation methods for the equipment.Calculate the following: