Rottino Company purchased a new machine on October 1, 2022, at a cost of $150,000. The company
Question:
Rottino Company purchased a new machine on October 1, 2022, at a cost of $150,000. The company estimated that the machine will have a salvage value of $12,000. The machine is expected to be used for 10,000 working hours during its 5-year life.
Instructions
Compute the depreciation expense under the following methods for the year indicated.
a. Straight-line for 2022.
b. Units-of-activity for 2022, assuming machine usage was 1,700 hours.
c. Declining-balance using double the straight-line rate for 2022 and 2023.
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Related Book For
Financial Accounting
ISBN: 9781119594598
11th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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