Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

A machine with a cost of $71,916.00 has an estimated residual value of $4,607.00 and an estimated life of 3 years or 15,449 hours. It

image text in transcribed
image text in transcribed
image text in transcribed
A machine with a cost of $71,916.00 has an estimated residual value of $4,607.00 and an estimated life of 3 years or 15,449 hours. It is to be depreciated by the units-of-production method. What is the amount of depreciation for the second full year, during which the machine was used 4,145 hours? Select the correct answer. $18,059.15 $22,436.33 $19,295.22 $44,872.67 Equipment with a cost of $168,104.00 has an estimated residual value of $9,445.00 and an estimated life of 6 years or 15,021 hours. It is to be depreciated by the straight-line method. What is the amount of depreciation for the first full year, during which the equipment was used 3,364 hours? Select the correct answer. $26,443.17 $6.00 $35,532.18 $47.16 A machine with a cost of $63,200.00 has an estimated residual value of $4,897.00 and an estimated life of 5 years or 19,408 hours. What is th amount of depreciation for the second full year, using the double declining-balance method? Select the correct answer. $25,280.00 $23,321.20 O$12,640.00 $15,168.00

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions