Question
5.On January 2, 2013, Topanga Company purchased a machine for $90,000. The machine has a five-year estimated useful life and a $6,000 estimated residual value.
5.On January 2, 2013, Topanga Company purchased a machine for $90,000. The machine has a five-year estimated useful life and a $6,000 estimated residual value. In addition, the company expects to use the machine 200,000 hours. Assuming that the machine was used 35,000 hours during 2014, complete the following chart. If a figure cannot be determined, indicate so by placing an X in the box
|
Method | Depreciation Expense for 2014 | Carrying Value at 12/31/14 |
| Straight-line |
|
|
| Production |
|
|
| Double-declining-balance |
|
|
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Management Accounting Information for Decision-Making and Strategy Execution
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
6th Edition
137024975, 978-0137024971
