Answered step by step
Verified Expert Solution
Link Copied!

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

image text in transcribedimage text in transcribed 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, e.g 2,152.75.) Your answer is incorrect. Calculate the depreciation cost per hour. (Round answer to 2 decimal places, e.g. 1.25.) Depreciation cost per hour $ Compute depreciation using units-of-activity for 2025, assuming machine usage was 500 hours. (Round answer to 0 decimal places, e.g. 5,275.) Depreciation using the units-of-activity method for 2025 $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions