MENT Question 1 1, 2015, a machine was purchased for $106,200. The machi ine has

Question

MENT Question 1 1, 2015, a machine was purchased for $106,200. The machi ine has an estimated salvage value of $7,080 and an estimated The company closed its books on December 31 and d oparates the machine as follows: 2015, 23,500 hrs; 2016, 29,500 hrs; 2017, 7,700 hrs; 2018, 35,400 hrs; and useful life of 5 years. The machin e can operate for 118,000 hours 2019, 11,800 hrs follows: 2015, 2 tion 2 ? (a) tin 4 ian s Your answer is correct. mpute the annual depreciation charges over the machine's life assuming a December 31 year-end for each of the folawing d epreciation methods. (Round answers to o decimal places, a.g. 45,892.) (1) Straight-line Method cote (2) Activity Method iective Year 2015 2016 2017 2018 0336 2019 (3) Sum-of-the-Years'-Digits Method Year 2015 33040 2016 2643 2017 2018 2019 (4) Double-Declining-Balance Mathad

Explanation / Answer

Pls find the below answer

Year Straight line method Double declining balance method 2015 22968 31860 2016 30624 29736 2017 30624 17841 2018 30624 10705 2019 30624 6423 2020 7656 2555

Related Questions

Navigate

• Browse (All)
• Browse M
• Subjects

---

---

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