Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Calculate depreciation for the machine under each of the following methods: ( Round expense per unit to 2 decimal places, e . g . 2

Calculate depreciation for the machine under each of the following methods: (Round expense per unit to 2 decimal places, e.g.2.75
and final answers to 0 decimal places, e.g.5,275.)
(1) Straight-line for 2020 through to 2024.
2020 expense $
2021 expense $
2022 expense $
2023 expense $
2024 expense $ (3) Units-of-production for 2020 through to 2024.
2020 expense $
2021 expense $
2022 expense $
2023 expense $
2024 expense $View Policies (a)
Calculate depreciation for the machine under each of the following methods: (Round expense per unit to 2 decimal places, e.g.2.75
and final answers to 0 decimal places, e.g.5,275.)
(1) Straight-line for 2020 through to 2024.
2020 expense $
2021 expense $
2022 expense $
2023 expense $
2024 expense $ Current Attempt in Progress
Blossom Ltd. purchased a new machine on April 4,2020, at a cost of $156,000. The company estimated that the machine would have a
residual value of $14,000. The machine is expected to be used for 10,000 working hours during its four-year life. Actual machine usage
was 1,600 hours in 2020; 2,400 hours in 2021; 2,200 hours in 2022; 2,100 hours in 2023; and 1,700 hours in 2024. Blossom has a
December 31 year end. (a)
Calculate depreciation for the machine under each of the following methods: (Round expense per unit to 2 decimal places, e.g.2.75
and final answers to 0 decimal places, e.g.5,275.)
(1) Straight-line for 2020 through to 2024.
2020 expense $
2021 expense $
2022 expense $
2023 expense $
2024 expense $ Calculate depreciation for the machine under each of the following methods: (Round expense per unit to 2 decimal places, e.g.2.75
and final answers to 0 decimal places, e.g.5,275.)
(1) Straight-line for 2020 through to 2024.
2020 expense $
2021 expense $
2022 expense $
2023 expense $
2024 expense $ (3) Units-of-production for 2020 through to 2024.
2020 expense $
2021 expense $
2022 expense $
2023 expense $
2024 expense $ (2) Diminishing-balance using double the straight-line rate for 2020 through to 2024.
2020 expense $
2021 expense $
2022 expense $
2023 expense $
2024 expense $
Current Attempt in Progress
Blossom Ltd. purchased a new machine on April 4,2020, at a cost of $156,000. The company estimated that the machine would have a
residual value of $14,000. The machine is expected to be used for 10,000 working hours during its four-year life. Actual machine usage
was 1,600 hours in 2020; 2,400 hours in 2021; 2,200 hours in 2022; 2,100 hours in 2023; and 1,700 hours in 2024. Blossom has a
December 31 year end.
(a)
image text in transcribed

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

Management Accounting

Authors: Anthony A. Atkinson, Robert S. Kaplan, S. Mark Young, Rajiv D. Banker, Pajiv D. Banker

3rd Edition

9780130101952

More Books

Students also viewed these Accounting questions

Question

How can sensitivity to pain be altered?

Answered: 1 week ago