NE CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK Brief Exerc

Question

NE CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK Brief Exercise 11-3 Lockard Company purchased machinery on January 1, 2014, for $117,600. The machinery is estimated to have a salvage value of $11,760 after a useful life of 8 years. Compute 2014 depreciation expense using the sum-of-the-years'-digits method. Depreciation expense Compute 2014 depreciation expense using the sum-of-the-years'-digits method, assuming the machinery was purchased on April 1, 2014 Deprecation expense s Click if you would like to Show Work for this question: Qpen Show Work udy

Explanation / Answer

Sum of year digit = 8+7+6+5+4+3+2+1 = 36

Depreciable base = (117600-11760) = 105840

Depreciation expenses for 2014 = (105840*8/36) = 23520

If machine purchase on april 1, 2014 then depreciation expenses for 2014 :

Depreciation expenses for 2014 = (105840*8/36*9/12) = 17640

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