C M Inbox - pstull uncc.edu UN... Ch9 Post-Lecture a Amazon.com: Sony GTKXB90. ×

Question

C M Inbox - pstull uncc.edu UN... Ch9 Post-Lecture a Amazon.com: Sony GTKXB90. × Sandhill Co. purchased a new machine on October 1, 2017, at a cost of $88,700. The company estimated that the machine has a salvage value of $7,400. The machine is expected to be used for 63,000 working hours during its 8-year life. Dedlining-balance using double the straight-line rate for 2017 and 2018. (Round answers to O decimal places, e.g. 125) 2017 2018 Depreciation using the Declining-balance method Attempts: 0 of 5 used SAVE FOR LATER SUBHIT ANSWER The parts of this question must be completed in order. This part will be available when you complete the part above.

Explanation / Answer

Straight line depreciation rate = 1 / 8 *100 = 12.50%

Double decling balance depreciation = 2 * Straight line rate * Book value

For 2017 = 2 * 12.5% * 88700 = 22175

For 2018 = 2 * 12.5% * (88700 - 22175) = 16631.25

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---

---

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