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Marigold Corp. purchased machinery for $313,500on May 1, 2020. It is estimated that it will have a useful life of10years, salvage value of $16,500 production
Marigold Corp. purchased machinery for $313,500on May 1, 2020. It is estimated that it will have a useful life of10years,
salvage value of $16,500
production of237,600units
working hours of25,000
During 2021, Marigold Corp. uses the machinery for2,650hours
and the machinery produces26,520units.
From the information given, compute the depreciation charge for 2021 under each of the following methods.
(a)Straight-line
(b)Units-of-output
(c)Working hours
(d)Sum-of-the-years'-digits
(e)Declining-balance (use 20% as the annual rate)
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