Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please fill in all spaces P9-3B On January 1, 2017, B Company purchased two machines for use in ts production process -$2 200 lubricants to
please fill in all spaces
P9-3B On January 1, 2017, B Company purchased two machines for use in ts production process -$2 200 lubricants to b that the useful ife al the end of Machine B The recorded cost of this machine was $120,000. Dill estimates that the useful life of the machine is 4 years with a $8,000 salvage value remaining at the end of that time period. )Calculate the amount of depreciation expense that should be recorded for Machine B each year of its useful life under the following assumption. (1) Company uses the straight-ine method of depreciation. (2) Company uses the declining-balance method. The rate used is twice the straight-line rate (3) Company uses the u Actual usage: 2017- 5,500 units: 2018-7.000 units; 2019-8.000 units: 2020-4,500 units. method and estimates the useful life is 25 000 units (c) Which method used to calculate depreciation on Machine B reports the lowest amount of depreciation expense in year 1 (2017)? The lowest amount in year 4 (2018)? The lowest total amount over the 4 year period? b1 Expense Year Beginning of Year DDB Rate Annual Deprec Accumulated b3 Year B. THIS is your more of the Bob-Homework".... Prob 9-6 This problem is NOT in your textboolkStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started