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solve all these parts of ques 5 take your time but please do it Sunland Ltd. purchased a new machine on April 4, 2017, at
solve all these parts of ques 5
take your time but please do it
Sunland Ltd. purchased a new machine on April 4, 2017, at a cost of $160,000. The company estimated that the machine would have a residual value of $16,000. The machine is expected to be used for 10,000 working hours during its four-year life. Actual machine usage was 1,400 hours in 2017;2,000 hours in 2018;2,400 hours in 2019;2,300 hours in 2020 ; and 1,900 hours in 2021 . Sunland has a December 31 year end. Calculate depreciation for the machine under each of the following methods: (Round expense per unit to 2 decimal places, e.g. 2.75 and final answers to 0 decimal places, e.g. 5,275.) (1) Straight-line for 2017 through to 2021. 2017 expense \$ 2018 expense \$ 2019 expense \$ 2020 expense \$ 2021 expense \$ (2) Diminishing-balance using double the straight-line rate for 2017 through to 2021. 2017 expense \$ 2018 expense \$ 2019 expense \$ 2020 expense \$ 2021 expense \$ (3) Units-of-production for 2017 through to 2021. $ 2018 expense \$ 2019 expense \$ $ $ Sunland Ltd. purchased a new machine on April 4, 2017, at a cost of $160,000. The company estimated that the machine would have a residual value of $16,000. The machine is expected to be used for 10,000 working hours during its four-year life. Actual machine usage was 1,400 hours in 2017;2,000 hours in 2018;2,400 hours in 2019;2,300 hours in 2020 ; and 1,900 hours in 2021 . Sunland has a December 31 year end. Calculate depreciation for the machine under each of the following methods: (Round expense per unit to 2 decimal places, e.g. 2.75 and final answers to 0 decimal places, e.g. 5,275.) (1) Straight-line for 2017 through to 2021. 2017 expense \$ 2018 expense \$ 2019 expense \$ 2020 expense \$ 2021 expense \$ (2) Diminishing-balance using double the straight-line rate for 2017 through to 2021. 2017 expense \$ 2018 expense \$ 2019 expense \$ 2020 expense \$ 2021 expense \$ (3) Units-of-production for 2017 through to 2021. $ 2018 expense \$ 2019 expense \$ $ $Step by Step Solution
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