Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Show all work/explanations for full credit ! On January 1, 2013, Zane Manufacturing Company purchased a machine for $40,000. The company expects to use the
Show all work/explanations for full credit !
On January 1, 2013, Zane Manufacturing Company purchased a machine for $40,000. The company expects to use the machine a total of 24,000 hours over the next 6 years. The estimated sales price of the machine at the end of 6 years is $4,000. The company used the machine 8,000 hours in 2013 and 12,000 in 2014. What is the depreciation for 2013 if the company uses double - declining - balance depreciation? $6,000 $6,667 $12,000 $13,333 On January 1, 2013, Zane Manufacturing Company purchased a machine for $40,000. The company expects to use the machine a total of 24,000 hours over the next 6 years. The estimated sales price of the machine at the end of 6 years is $4,000. The company used the machine 8,000 hours in 2013 and 12,000 in 2014. What is the depreciation expenses for 2014 if the company uses double - declining - balance depreciation? $10,000 $8,889 $6,000 $13,333 On January 1, 2013, Zane Manufacturing Company purchased a machine for $40,000. The company expects to use the machine a total of 24,000 hours over the next 6 years. The estimated sales price of the machine at the end of 6 years is $4,000. The company used the machine 8,000 hours in 2013 and 12,000 in 2014. What is the book value of the machine at the end of the 2014 If the company uses units - of - production depreciation? $28,000 $10,000 $17,778 $20,000Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started