Question 20 (4 points)
Quality Rehab Care purchased diagnostic equipment for $496,000. It has an
estimated life of 70,000 hours and no salvage value. Use the units-of-production
method of depreciation to find the book value at the end of the 3rd year, given the
following information: Year 1: 8.700 Hours: Year 2: 9.400 Hours: Year 3: 9.900
Hours; Year 4: 10,500 Hours; Year 5: 14,700 Hours. Round depreciation to the
nearest dollar.
1) $297,480
2)$398,000
3) $198,000
4) $297,600