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Withering Corp (December 31st fiscal year end) purchased a piece of machinery, which it will use to produce inventory, on August 1ST, 2018 for $450,000.
Withering Corp (December 31st fiscal year end) purchased a piece of machinery, which it will use to produce inventory, on August 1ST, 2018 for $450,000. The estimated salvage value is $50,000. The estimated useful life is 4-years. The estimated total activity levels for this machinery over its useful life are production of 1,000,000 units of inventory and working hours of 50,000 hours. Actual activity for 2018-2019 is as follows: 2018: 100,000 units of inventory produced; 8,500 working hours 2019: 275,000 units of inventory produced; 14,000 working hours If necessary, round your answer to the nearest dollar. Do not use dollar signs or decimals. What is the book value (cost - accumulated depreciation) associated with this machinery as of December 31st, 2019 assuming Withering uses sum-of-the-years'-digits depreciation method? Withering Corp (December 31st fiscal year end) purchased a piece of machinery, which it will use to produce inventory, on August 1ST, 2018 for $450,000. The estimated salvage value is $50,000. The estimated useful life is 4-years. The estimated total activity levels for this machinery over its useful life are production of 1,000,000 units of inventory and working hours of 50,000 hours. Actual activity for 2018-2019 is as follows: 2018: 100,000 units of inventory produced; 8,500 working hours 2019: 275,000 units of inventory produced; 14,000 working hours If necessary, round your answer to the nearest dollar. Do not use dollar signs or decimals. What is the book value (cost - accumulated depreciation) associated with this machinery as of December 31st, 2019 assuming Withering uses sum-of-the-years'-digits depreciation method
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