I cannot view any solutions for Chapter 11 and need help withE11-4 & E11-11. I a

Question

I cannot view any solutions for Chapter 11 and need help withE11-4 & E11-11. I already posted this question andreceived an e-mail that they were solved today but I cannot viewthe solutions. Can somebody please help....?? Here is E11-4 (Depreciation Computations - FiveMethods)Jon Sedeca Furnace Corp. purchased machinery for $315,000on May 1, 2007. It is estimated that it will have a usefullife of 10 years, salvage value of $15,000, production of 240,000units, and working hours of 25,000. Duringg 2008, SedecaCorp.uses themachinery for 2,650 hours, and the machinery produces25,500 units. Instructions From the information given, compute the depreciation chargefor 2008 under each of the following methods. (Round to the nearestdollar) a. Straighht-line b. Units-of-output c. Working hours d. Sumof-the-years' digits e. Declining-balance (use 20% of annual rate). Thank you for help!!! I cannot view any solutions for Chapter 11 and need help withE11-4 & E11-11. I already posted this question andreceived an e-mail that they were solved today but I cannot viewthe solutions. Can somebody please help....?? Here is E11-4 (Depreciation Computations - FiveMethods)Jon Sedeca Furnace Corp. purchased machinery for $315,000on May 1, 2007. It is estimated that it will have a usefullife of 10 years, salvage value of $15,000, production of 240,000units, and working hours of 25,000. Duringg 2008, SedecaCorp.uses themachinery for 2,650 hours, and the machinery produces25,500 units. Instructions From the information given, compute the depreciation chargefor 2008 under each of the following methods. (Round to the nearestdollar) a. Straighht-line b. Units-of-output c. Working hours d. Sumof-the-years' digits e. Declining-balance (use 20% of annual rate). Thank you for help!!!

Explanation / Answer

StraightLine Method Cost 315,000 SalvageValue 15,000 UsefulLife(years) 10 Depreciation peryear 30,000 WorkingHours Cost 315,000.00 SalvageValue 15,000.00 Estimated WorkingHours 25,000.00 Depreciation Perhours 12.00 Hours Used 2,650.00 DepreciationExpense 31,800.00 DecliningBalance Year Beginning Book Value DepreciationExpense(20%) AccumulatedDepreciation Ending Book Value 2007 315,000 315,000*20%*8/12 =42,000 42,000 273,000 2008 273,000 54,600 96,600 218,400 Sum of the years digits Useful life = 10 years factors = 1+2+3+4+5+6+7+8+9+10 = 55 Depreciation = 300,000 * 10/55 * 4/12 + 300,000*9/55*8/12                       = 50,909

Related Questions

Navigate

• Browse (All)
• Browse I
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.