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Required information [The following information applies to the questions displayed below.] Williams Company installs a machine in its plant at the beginning of the year
Required information [The following information applies to the questions displayed below.] Williams Company installs a machine in its plant at the beginning of the year at a cost of $86,200. The machine's useful life is estimated at 10 years, or 396,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 33,600 units of product. Determine the machine's second-year depreciation and second year-end book value under the straight-line method. To earn all points for this problem, complete all boxes; if you enter only the machine's second-year depreciation and second year-ending book value, you will lose some of the points allocated to this problem. Straight-Line Depreciation Choose Numerator: 7 Choose Denominator: Annual Depreciation Expense Depreciation expense Year 2 Depreciation Year end book value (Year 2) Required information (The following information applies to the questions displayed below.) Williams Company installs a machine in its plant at the beginning of the year at a cost of $86,200. The machine's useful life is estimated at 10 years, or 396,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 33,600 units of product. Determine the machine's second-year depreciation using the units-of-production method. To earn all points for this problem, complete all boxes; if you enter only the machine's second-year depreciation, you will lose some of the points allocated to this problem. Choose Numerator: Units-of-production Depreciation 1 Choose Denominator: = | = Annual Depreciation Expense Depreciation expense per unit Year Annual Production (units) Depreciation Expense 2 Required information (The following information applies to the questions displayed below.] Williams Company installs a machine in its plant at the beginning of the year at a cost of $86,200. The machine's useful life is estimated at 10 years, or 396,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 33,600 units of product. Determine the machine's second-year depreciation using the double-declining-balance method. To earn all points for this problem, complete all boxes; if you enter only the machine's second-year depreciation, you will lose some of the points allocated to this problem. Double-declining-balance Depreciation Choose Factors: Choose Factor(%) Annual Depreciation Expense Depreciation expense First year's depreciation Second year's depreciation
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