Sign n to XFNmY WF, RegstrationDetais intex Mch 11Homework x.Gcegg study orderCo

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Sign n to XFNmY WF, RegstrationDetais intex Mch 11Homework x.Gcegg study orderConx.ar × Ceztomheducation.com.hmtpx ·11 Homework Question 2 (or 5) 2. %0.00 ponts On October 1, 2016, the Alegheny Corporation purchased machinery for $203,000 The estimated service lde of the machinery is 10 years and the estimated residual value is $5000The machne s expected to produce 300,000 uns during its life Required: Calculate depreciation for 2016 and 2017 using each of the folowng methods Partial year depreciation is cakculated based on the number of months the asset is in service (Do not round intermediate lculations.) L. Straight Ine -Annual Anral Depreciaion Fraction of Year TOSHIBA 2 3 4 tab 9 shift

Explanation / Answer

a) Straight line method :

2) Sum of year digit method :

Striaght line depreciation Choose numertor / choose denominator = Annual depreciation Depreciable base / useful life = Annual depreciation 198000 / 10 = 19800 Year Annual depreciation * Fraction of time = depreciation expenses 2016 19800 * 3/12 = 4950 2017 19800 * 12/12 = 19800

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