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B ONLY Pharoah A/S purchased a new machine on October 1, 2017, at a cost of 115,000. The company estimated that the machine will have
B ONLY
Pharoah A/S purchased a new machine on October 1, 2017, at a cost of 115,000. The company estimated that the machine will have a residual value of 11,100. The machine is expected to be used for 11,847 working hours during its 5- year life (a) Your answer is correct. Calculate depreciable cost. (Round antewer to 2 decimal places, e.g. 12.50.) Depreciable cost E8.77 per hour Attempts: 1 of 2 used *(b) Compute the depreciation expense under the following methods for the year indicated. (Round answers to O decimal places, e.g. 2,125. Round intermediate calculations to 2 decimal places, e.g. 15.64.) 2017 (a) Stra (b) Units-of-activity for 2017, assuming machine usage was 1,500 hours. (c) Declining-balance using double the straight-line rate for 2017 and 2018. 2017 2018 Straight-line method Units-of-activity method 13155 Declining-balance methodStep by Step Solution
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