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Security IDs Company purchased equipment on July 1 2010 for $135000 The equipment was expected to have a useful life of three years, or 12000 operating hours and a residual value of

Security IDs Company purchased equipment on July 1, 2010, for $135,000. The equipment was expected to have a useful life of three years, or 12,000 operating hours, and a residual value of $6,000. The equipment was used for 1,500 hours during 2010, 3,500 hours in 2011, 5,000 hours in 2012, and 2,000 hours in 2013.

May 21 2020 View more View Less

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