A. Machinery is purchased on July 1 of the current fiscal year for $180,000. It is expected
Question:
A. Machinery is purchased on July 1 of the current fiscal year for $180,000. It is expected to have a useful life of 4 years, or 20,000 operating hours, and a residual value of $20,000. Compute the depreciation for the last six months of the current fiscal year ending December 31 by each of the following methods:
Straight-line
B. Declining-balance at twice the straight-line rate
C. Units-of-production (used for 1,500 hours during the current year)
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Related Book For 
Financial and Managerial Accounting
ISBN: 978-1285866307
13th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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