Question
1.On January 1, 20X1, Apogee Corp. purchases for $101,700 a machine with an estimated useful life at 12,000 machine hours and a scrap value of
1.On January 1, 20X1, Apogee Corp. purchases for $101,700 a machine with an estimated useful life at 12,000 machine hours and a scrap value of $4,500. In Year 1, Apogee uses the machine for 5,100 hours; in Year 2, 4,200 hours; and in Year 3, 4,400 hours. Apogee uses UOP depreciation. Complete the table below.
Year-beginning
Depreciation
Accumulated
Year-end
Year
book value
expense
depreciation
book value
20X1
20X2
20X3
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Financial Accounting A User Perspective
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
6th Canadian Edition
470676604, 978-0470676608
