Sarasota Corp. purchased machinery for $381,150on May 1, 2017. It is estimated that it will have a
Fantastic news! We've Found the answer you've been seeking!
Question:
Sarasota Corp. purchased machinery for $381,150on May 1, 2017. It is estimated that it will have a useful life of10years, salvage value of $18,150, production of290,400units, and working hours of25,000. During 2018, Sarasota Corp. uses the machinery for2,650hours, and the machinery produces30,855units.
From the information given, compute the depreciation charge for 2018 under each of the following methods.
(a)Straight-line
(b)Units-of-output
(c)Working hours
(d)Sum-of-the-years'-digits
(e)Declining-balance (use 20% as the annual rate)
Posted Date: