Chapter 10 X mil Help 0 Required information The following information applies t

Question

Chapter 10 X mil Help 0 Required information The following information applies to the questions displayed below Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $43,500 The machine's useful life is estimated at 10 years, or 385,000 units of product, with a $5,000 salvage value During its second year, the machine produces 32 500 units of product Determine the machine's second-year depreciation using the double-declining-balance method. Annual D Choose Factors: Choose F actor(%) Depreciation expense First years depreciation Prev Sa, 6111 Next>

Explanation / Answer

Double-declining-balance Depreciation Choose Factors: x Choose Factor(%) = Annual Depreciation Expense Beginning book value x Double the straight-line rate = Depreciation expense First year's depreciation $43,500 x 20% = $8,700 Second year's depreciation $34,800 x 20% = $6,960

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