Assignment$-$Chapter $9$

Carla Vista Limited purchased a machine on account on April $1,2021,$ at an invoice price of $$389,940.$ On April $2,$ it paid $$2,150$ for delivery of the machine. A one$-$year, $$3,780$ insurance policy on the machine was purchased on April $5.$ On April $19.$ Carla Vista paid $$8,310$ for installation and testing of the machine. The machine was ready for use on April $30.$

Carla Vista estimates the machine's useful life will be five years or $5,949$ units with a residual value of $$73,190.$ Assume the machine produces the following numbers of units each year: $934$ units in $2021$; $1,325$ units in $2022$; $1,271$ units in $2023$: $1,243$ units in $2024$; and $4,176$ units in $2025.$ Carla Vista has a December $31$ year end

Question $1$ of $2<$

Current Attempt in Progress

View Policies

$($a$)$

Determine the cost of the machine.

Cost of the machine

$($b$)$ calculate the annual dpreciaation and total depreciation over the assets's life using $1.$ straight line method. $2.$ doubleline diminshing method. $3.$ units of production method