Required information The following information applies to the questions displaye

Question

Required information The following information applies to the questions displayed below Sa3 500 ehrstai terzed manufacturing machin in ts factory at the beginning of the year at a cost of Pert 3 of 3 During its second year, the machine produces 32,500 units of product machine's useful life is estimated at 10 years, or 385,000 units of product, with a $5,000 salvage value e machine's second-year depreciation using the double-declining-balance method points Doub tion eBook Hint Print Choose Factors: Choose Factor(%) Annual Depreciation Depreciation expense First years depreciation Second year's depreciation

Explanation / Answer

Calculate second year depreciation

Choose factors * Choose factor = Annual depreciation expense Beginning Book value * Depreciation rate = Depreciation expense First year's depreciation 43500 * 20% = 8700 Second year's depreciation (43500*80%) =34800 * 20% = 6960

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