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can you solve this question. prepare a depreciation schedule for the life of asset under the units-of-production method. On Aprii 22, 2023, Cullumber Enterprises purchased
can you solve this question. prepare a depreciation schedule for the life of asset under the units-of-production method.
On Aprii 22, 2023, Cullumber Enterprises purchased equipment for \$132,000. The company expects to use the equipinent for 12,000 working hours during its four-year life and that it will have a residual value of $12,000. Cullumber has a December 31 year end and pro-rates depreciation to the nearest month. The actual machine usage was: 1,300 hours in 2023;2,900 hours in 2024:3,800 hours in 2025: 2.800 hours in 2026: and 1.400 hours in 2027 Prepare a depreciation schedule for tha life of the asset under the units-of-production method. (Round depreciation amount per unit to 2 decimal places, es. 2.25 and final answers to 0 decimal places, es. 5,276.) ation schedule for the life of the asset under the units-of-production method. (Round depreciation amount per unit s, e.g. 2.25 and final answers to 0 decimal places, e.8. 5,276.) Step by Step Solution
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