Solve the problem. Round unit depreciation to nearest cent when making the schedule, and round final results to the nearest cent. Make a partial depreciation schedule for the first three years using the units-of-production depreciation for a cargo boat that costs $8500.00 and has a scrap value of $850.00. The boat has an expected life of 7000 hours, is expected to last 15 years, and was used 1400 hours the first year, 1470 hours the second year, and 1400 hours the third year.

Question

What will be an ideal response?

Answer 1