Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Wildhorse Co. purchased a new machine on October 1, 2025, at a cost of $90,100. The company estimated that the machine has a salvage value
Wildhorse Co. purchased a new machine on October 1, 2025, at a cost of $90,100. The company estimated that the machine has a salvage value of $6,460. The machine is expected to be used for 82,000 working hours during its 10-year life. Compute depreciation using declining-balance using double the straight-line rate for 2025 and 2026. (Round answers to 2 decimal places, eg 2,152.75.) Depreciation using the declining-balance method eTextbook and Media 2025 4505 2026 17119 Calculate the depreciation cost per hour. (Round answer to 2 decimal places, eg. 1.25.) Depreciation cost per hour $ Compute depreciation using units-of-activity for 2025, assuming machine usage was 500 hours. (Round answer to O decimal places, eg. 5,275) Depreciation using the units-of-activity method for 2025 eTextbook and Media Attempts: 0 of 3 used Submit
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To calculate the depreciation using the decliningbalance method and unitsofactivity method follow th...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