Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please show your work if you could. Carla Vista Ltd. purchased a new machine on April 4, 2017, at a cost of $160,000. The company

Please show your work if you could.
image text in transcribed
image text in transcribed
image text in transcribed
Carla Vista Ltd. purchased a new machine on April 4, 2017, at a cost of $160,000. The company estimated that the machine would have a residual value of $16,000. The machine is expected to be used for 8.000 working hours during its four-year life. Actual machine usage was 1.500 hours in 201712,200 hours in 2018: 2.200 hours in 2019:2 200 hours in 2020; and 1,800 hours in 2021. Carla Vista has a December 31 year end (a) Your answer is incorrect Calculate depreciation for the machine under each of the following methods (Round expense per unit to 2 decimal places, es. 2.75 and final answers to O decimal places, eg,5,275.) (1) Straight-line for 2017 through to 2021. (1) Straight-line for 2017 through to 2021 2017 expense 2018 expense $ $ $ 2019 expense 2020 expense $ 2021 expense $ (2) Diminishing-balance using double the straight-line rate for 2017 through to 2021. 2017 expense $ 2018 expense $ 2019 expense $ 2020 expense $ $ 2021 expense $ (2) Diminishing-balance using double the straight-line rate for 2017 through to 2021. 2017 expense $ 2018 expense $ 2019 expense $ 2020 expense $ 2021 expense $ (3) Units-of-production for 2017 through to 2021. 2017 expense $ 2018 expense $ 2019 expense 2020 expense $ 2021 expense S

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Marketing And Export Management

Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr

8th Edition

1292016922, 978-1292016924

Students also viewed these Accounting questions