Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please & thank you 4. The data below refers to packaging equipment, bought on Jan/02/2018: Equipment XPA 234 Total Cost 261,000 Residual Value $1,000 Useful
please & thank you 4. The data below refers to packaging equipment, bought on Jan/02/2018: Equipment XPA 234 Total Cost 261,000 Residual Value $1,000 Useful Lifel 8 years Total Working Hours Capacity 18,000 hours Calculate the following: a. The amount of depreciation for the year 2018 using the straight line method. (10 points) b. The depreciation for 2018 using the hours of operation depreciation method (same as the units of production method), knowing that the machine worked 4,300 hours during that year. (10 points) c. Create a depreciation schedule (table) for all years, using the double declining method. Do not depreciate below the residual value. (10 points) d. Create a depreciation schedule for all years, using the sum of the years method. (10 points)
please & thank you
Step 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