Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A1) For Bus #3, calculate depreciable cost per hour under units-of-activity method. Depreciable cost : $ 2.00 per hour A2) Compute the amount of accumulated

image text in transcribed

A1) For Bus #3, calculate depreciable cost per hour under units-of-activity method. Depreciable cost : $ 2.00 per hour

A2) Compute the amount of accumulated depreciation on each machine at December 31, 2023. Accumulated depreciation MACHINE 1: $ 43300 MACHINE 2 :$ 65148 MACHINE 3: $ 26200 Textbook and Media

ANSWER THIS PART PLS B) If machine 2 was purchased on April 1 instead of July 1, what would be the depreciation expense for this machine in 2021? In 2022? (1) 2021 (2) 2022 Depreciation expense:

In recent years, Splish Brothers Company has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge of selecting the depreciation method for each machine, and various methods have been used. Information concerning the machines is summarized in the table below. For the declining-balance method, Splish Brothers Company uses the double-declining rate. For the units-of-activity method, total machine hours are expected to be 47,000. Actual hours of use in the first 3 years were 2021, 900; 2022, 4,000; and 2023, 8,200. (a1) Your answer is correct. For Bus \#3, calculate depreciable cost per hour under units-of-activity method. Depreciable cost $ per hour

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Audit And Assurance Principles And Practices In Singapore

Authors: Dr Ernest Kan

5th Edition

9814838136, 978-9814838139

More Books

Students also viewed these Accounting questions

Question

Show that (z, w) = wHz defines an inner product on Cn.

Answered: 1 week ago

Question

explain what is meant by the terms unitarism and pluralism

Answered: 1 week ago