Answered step by step
Verified Expert Solution
Question
1 Approved Answer
E4 Backup: Kieso, Intermediate Accounting, 12CE Hele System Announcements PRINTER VERSION HACK Additional Problem 2 Ayayal Manufacturing purchased a machine on January 1, 2020 for
E4 Backup: Kieso, Intermediate Accounting, 12CE Hele System Announcements PRINTER VERSION HACK Additional Problem 2 Ayayal Manufacturing purchased a machine on January 1, 2020 for use in its factory, Ayayal paid $390,000 for the machine and estimated that it had a useful life of 10 years, at the end of which time the machine was expected to have a residual value of $30,000. During its life, the machine was expected to produce 240,000 units. During 2020, the machine produced 23,200 units, and produced 37,000 in 2021. The machine was subject to a 20% CCA rate, and Avayal's year end was December 31 your answer is correct Calculate the annual depreciation amount for 2020 and 2021 under the straight line method 2020 2021 Annual depreciation amoum 36.000 16000 LINK TO TEXT UNK TO TEXT your answer is partially correct. Thyagan Calciate the annual derection amount for 2020 and 2021 under the city method (Round ber and walue to cal aces.. 5.75 and answers to decimal Dia 05273) 2020 2021 56700 Annual corection amount AL x your answer is incorrect. Try again 11-9 Calculate the annual depreciation amount for 2020 and 2021 under the double-declining balance method retta 2020 sults by Study 2021 Annual depreciation amount 72000 72000 LINK TO TEXT LINK TO TEXT Your answer is incorrect. Try again Calculate the annual depreciation amount for 2020 and 2021 under the capital cost allowance method. 2020 2021 Annual depreciation amount 72000 57600 LINK TO TEXT
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started