Use units-of-activity depreciation to calculate the annual depreciation for equipment that cost 20,000 with a residual value 5,000 and is expected to run for 15,000 hours. The machine ran 6,000 hours this year:____________

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Question:

Use units-of-activity depreciation to calculate the annual depreciation for equipment that cost 20,000 with a residual value 5,000 and is expected to run for 15,000 hours. The machine ran 6,000 hours this year:____________

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Answer: $6,000Explanation:Depreciation rate = (Cost - Residual value) / Expected useful life run= (20,000 - 5,000) / 15,000= $1 per hourMachine ran for 6,000 hours so depreciation is;= 6,000 * 1= $6,000

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