Question
Complete the following table given this information: (Do not round intermediate calculations.) Cost of machine$93,400Residual value$3,900Useful life5 yearsEstimated units machine will produce100,000Actual production:Year 1Year 259,00014,000
Complete the following table given this information: (Do not round intermediate calculations.)
Cost of machine$93,400Residual value$3,900Useful life5 yearsEstimated units machine will produce100,000Actual production:Year 1Year 259,00014,000
Use MACRS table.
Depreciation Expense
MethodYear 1Year 2Straight line$$Units of production$$Declining balance$$MACRS (5-year class)$$
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Managerial Accounting For Dummies
Authors: Mark P Holtzman, Karen Schoenebeck
1st Edition
1118116429, 978-1118116425
