Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
depreciation questions, is this correct? Depreciation expense for 10 manufacturing grade sewing machines, sewing machines cost $425 each. using the straight line/prime cost depreciation method
depreciation questions,
is this correct?
- Depreciation expense for 10 manufacturing grade sewing machines, sewing machines cost $425 each. using the straight line/prime cost depreciation method the sewing machines have an effective life of 5 years, $425x(365/365) x 20% = $85 per annum per machine
- also bought a computer at $697 for business it has a useful life of 4 years
- $697x(365/365) x 25%=174.25 per year
are these correct?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started