Part B Question

Exercise 9-20 (Part Level Submission) Sheridan Company purchased a new machine on October 1, 2017, at a cost of $94,500. The company estimated that the machine has a salvage value of $7,300. The machine is expected to be used for 60,700 working hours during its 8-year life. Compute depreciation using the following methods in the year indicated. (a) Your answer is correct. Declining-balance using double the straight-line rate for 2017 and 2018. (Round answers to 0 decimal places, e.g. 125) 2017 2018 Depreciation using the Declining-balance method 5906 22149 (b) Calculate the depreciation cost per hour. (Round answer to 2 decimal places, e.g. $1.25) Depreciation cost per hour Units-of-activity for 2017, assuming machine usage was 450 hours. (Round answer to 0 decimal places, e.g. 125) Depreciation using the Units-of-activity method for 2017 $ Click if you would like to Show Work for this question: Open Show Work