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Cost of the equipment is $21,000 Life of the machine in hours is 100,000 hours Salvage (residual) value is 1,000 Life of the machine in
Cost of the equipment is $21,000 |
Life of the machine in hours is 100,000 hours |
Salvage (residual) value is 1,000 |
Life of the machine in years is 4 years |
2. Caclulate depreciation Expense using Units of production for year 1 (10,000 hours were used) and year 2 (15,000 hours were used)
3. Calculate Straight line Depreciation Expense for years 1 and 2
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