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Xanadu Company purchased a new machine on October 1, 2014, at a cost of $104, 500. The company estimated that the machine will have a
Xanadu Company purchased a new machine on October 1, 2014, at a cost of $104, 500. The company estimated that the machine will have a salvage value of $13, 100. The machine is expected to be used for 9, 935 working hours during its 5-year life. Your answer is correct. Calculate depreciable cost. Depreciable cost. Click if you would like to Show Work for this question: Open Show Work Compute the depreciation expense under the following methods for the year indicated. (Round depreciation rate per hour to 2 decimals to $1.25 and final answers to 0 decimal places, e.g. $2, 125.) Straight-line for 2014. Units-of-activity for 2014, assuming machine usage was 1, 800 hours. Declining-balance using double the straight-line rate for 2014 and 2015
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