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On January 1 , 2 0 2 2 , Bramble Company purchased the following two machines for use in its production process. Machine A: The
On January Bramble Company purchased the following two machines for use in its production process.
Machine A: The cash price of this machine was $ Related expenditures also paid in cash included: sales tax $ shipping costs $ insurance during shipping $ installation and testing costs $ and $ of oil and lubricants to be used with the machinery during its nisst year of operations. Bramble estimates that the useful life of the machine is years with a $ salvage value remaining at the end of that time period. Assume that the straightline method of depreciation is used.
Machine B: The recorded cost of this machine was $ Bramble estimates that the useful life of the machine is years with a $ salvage value remaining at the end of that time period.
Calculate the amount of depreciation expense that Bramble should record for Machine B each year of its useful life under the following assumptions. Round depreciation cost per unit to decimal places, eg Round final answers to decimal places, es
Bramble uses the straightline method of depreciation.
Bramble uses the decliningbalance method. The rate used is twice the straightline rate.
Bramble uses the unitsofactivity method and estimates that the useful life of the machine is units. Actual usage is as follows: units; units; units; and units.
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