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Question 9: Did I do the right calculations? The correct answer is $9,600 but when I solved I got 9.333 ?? 9) Bell Corporation purchased

Question 9:
Did I do the right calculations?
The correct answer is $9,600 but when I solved I got 9.333 ??
image text in transcribed
9) Bell Corporation purchased a forklift for $60,000 on July 1. The forklift has an estimated useful life of 35,000 usage hours with a residual value of $4,000. Bell uses the units-of-production method for depreciation. If Bell uses the forklift for 6.000 hours during the first year, the depreciation expense on the forklift would be (Round intermediary calculations to two decimal places and your final answers to the nearest whole dollar.) d) $4,000. 10. On the first day of its fiscal year, Counter Balance Company purchased a new computer system for a total cost of $40,000. The computer system is expected to have a life of 10 years with a residual value of $7,000. If the company uses the double-declining-balance method, its depreciation expense for this computer system in the first year will be a) $6,600. b) $4,000. c) $3,300. d) $8,000. 11. The depreciation method that does not initially use the residual value in depreciation calculations is the a) direct method. b) double-declining balance method. c) straight-line method. d) units-of-production method

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