15. At the beginning of 2009, Glass manufacturing purchased a machine for its as
ID: 2702949 • Letter: 1
Question
15. At the beginning of 2009, Glass manufacturing purchased a machine for its assembly line at a cost of $600,000. The machine has an estimated useful life of 10 years and estimated residual value 50,000
Under the straight line method, how much depreciation would Glass take for in 2010 for financial reporting purposes?
At the beginning of 2009, Glass manufacturing purchased a machine for its assembly line at a cost of $600,000. The machine has an estimated useful life of 10 years and estimated residual value 50,000 Under the straight line method, how much depreciation would Glass take for in 2010 for financial reporting purposes? Using the same information as in question 15, how much depreciation would Glass take in 2009 for financial reporting purposes under double declining method?
Explanation / Answer
15. 55000
16. 110000
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