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Schrade Company bought a machine for $115,000 cash. The estimated useful life was four years, and the estimated residual value was $6,640. Assume that the
Schrade Company bought a machine for $115,000 cash. The estimated useful life was four years, and the estimated residual value was $6,640. Assume that the estimated useful life in productive units is 129,000. Units actually produced were 52,000 in year 1 and 54,000 in year 2.
depreciation expense for year 1 | depreciation expense for year 2 | net book value at the end of year 1 | net book value at the end of year 2 | |
method of depreciation | x | x | x | x |
doube declining balance | 57500 | ????? | 57500 | ?????? |
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