Bramble Corp. purchased a new machine on October 1, 2022, at a cost of $126,000. The company estimated that the machine will have a salvage
Bramble Corp. purchased a new machine on October 1, 2022, at a cost of $126,000. The company estimated that the machine will have a salvage value of $16,000. The machine is expected to be used for 10,000 working hours during its 5-year life.
Compute the depreciation expense under straight-line method for 2022.
2022 | ||
---|---|---|
Depreciation expense | $enter depreciation expense amount in dollar |
eTextbook and Media
Compute the depreciation expense under units-of-activity for 2022, assuming machine usage was 1,610 hours. (Round depreciable cost per unit to 2 decimal places, e.g. 0.50 and final answer to 0 decimal places, e.g. 2,125.)
2022 | ||
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Depreciation expense | $enter depreciation expense amount in dollar |
eTextbook and Media
Compute the depreciation expense under declining-balance using double the straight-line rate for 2022 and 2023.
2022 | 2023 | |||
---|---|---|---|---|
Depreciation expense | $enter depreciation expense amount in dollar | $enter a dollar amount |
eTextbook and Media
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