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On July 1st, 2006, a company purchased a machine for $102,000,with an estimated residual value of $2,000, and an estimated total productive life of 500,000
On July 1st, 2006, a company purchased a machine for $102,000,with an estimated residual value of $2,000,
and an estimated total productive life of 500,000 units. Actual units produced so far are:
24,965 units for 2006; 56,544 units for 2007; and 76,143 units for 2008.
What will be the carrying value of the machine on the 12/31/08 Balance Sheet?
The company uses the units of production method.
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