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Reader Inc purchased a machine costing $80,000 on January 3rd. The machine is expected to last 10 years and 10,000 hours with a salvage value
Reader Inc purchased a machine costing $80,000 on January 3rd. The machine is expected to last 10 years and 10,000 hours with a salvage value of $4,000. During the first year the machine was used 1,800 hours. What is annual depreciation if Reader uses the units of production method?
$7,600 | ||
$8,000 | ||
$13,680 | ||
$13,500 |
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