Question
hello, how would i find the depreciation if the fiscal year-end is September 30? On January 1, 2015, a machine was purchased for $90,000. The
hello, how would i find the depreciation if the fiscal year-end is September 30?
On January 1, 2015, a machine was purchased for $90,000. The machine has an estimated salvage value of $6,000 and an estimated useful life of 5 years. The machine can operate for 100,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2015, 20,000 hours; 2016, 25,000 hours; 2017, 15,000 hours; 2018, 30,000 hours; and 2019, 10,000 hours
Assume a fiscal year-end of September 30. Compute the annual depreciation charges over the asset's life applying straight-line method
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