Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 52 Sunland Ltd, purchased a new machine on April 4, 2014, at a cost of $188,000. The company estimated that the machine would have

image text in transcribed
image text in transcribed
Question 52 Sunland Ltd, purchased a new machine on April 4, 2014, at a cost of $188,000. The company estimated that the machine would have a residual value of $16,000. The machine is expected to be used for 10,000 working hours during its four-year life. Actual machine usage was 1,600 hours in 2014; 2,100 hours in 2015: 2,600 hours in 2016; 1,900 hours in 2017; and 1,800 hours in 2018. Sunland has a December 31 year end. Calculate depreciation for the machine under each of the following methods: (Round expense per unit to 2 decimal places, e.g. 2.75 and final answers to o decimal places, e.g. 5,275.) (1) Straight-line for 2014 through to 2018 2014 expense 32250 2015 expenses 43000 2016 expenses 43000 2017 expense 43000 2018 expense (2) Diminishing-balance using double the straight-line rate for 2014 through to 2018. 2014 expense 2015 expense 2016 expense 2017 expenses (2) Diminishing-balance using double the straight-line rate for 2014 through to 2018. 2014 expense 2015 expense 2016 expense 2017 expense 2018 expense (3) Units-of-production for 2014 through to 2018. 2014 expense $ 2015 expense 2016 expense $ 2017 expense 2018 expense

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

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

Managerial Accounting

Authors: Susan V. Crosson, Belverd E. Needles

8th Edition

9780618777174, 618777180, 618777172, 978-0618777181

More Books

Students also viewed these Accounting questions

Question

How and why do you think products acquire meaning to consumers?

Answered: 1 week ago