US wwra Weygandt, Financial Accounting, 10e VERSION Exercise 9-6 (Part Level Sub

Question

US wwra Weygandt, Financial Accounting, 10e VERSION Exercise 9-6 (Part Level Submission) Cullamber Company purchased a new machine 10,000. The machine is expected on October 1, 2019, at a cost of $110,000. The company estimated that the machine will have a salvage value of to be used for 10,000 working hours during its 4 year ife Your anser is correct Compute the under straight-ine method for 2019. (Round answer to 0 decimal places, o.g. 3,125.) Click it you would like to Show Work for this question Open Shaw Work Attempts: 1 ed 15 used

Explanation / Answer

(a) Depreciation under straight line method.

Dep. expense for 2019 = ((110,000 - $10,000) / 4yrs)×3/12

   =$6,250

(b)

Depreciation under activity based method.

Dep. expense for 2019 = ((110,000 - $10,000) / 10,000 expected working hrs in 4 yrs)×1,500 hrs used in 2019

   =$15,000

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