Question

Blossom Company purchased a new machine on October 1, 2017, at a cost of $87,200. The company estimated that the machine has a salvage value of $7,400. The machi is expected to be used for 69,200 working hours during its 8-year life. Compute depreciation using the following methods in the year indicated. Declining balance using double the straight-line rate for 2017 and 2018. (Round answers to decimal places, e.g. 125) 2017 2018 Depreciation using the Declining balance methods LINK TO TEXT VIDEO: APPLIED SKILLS VIDEO SIMILAR EXERCISE Calculate the depreciation cost per hour. (Round answer to 2 decimal places, e.g. $1.25) Depreciation cost per hour Units-of-activity for 2017, assuming machine usage was 420 hours. (Round answer to o decimal places, e.g. 125) Depreciation using the Units-of-activity method for 2017

Answer 1

Declening - balance using double the straight lone reale fore 2017 ahd 2018 If the useful life is 8 year Straight line rate oso 100:2), 12.5%. So double thestrisight-line rade - (12:59 xa) - as e, 2017 depreciatron expenses co($87200 X as S. X 312) = $15450 (Ans:) 2018 book value = ($87200 - $ 5450) z $ 81750 2018 , depreciation expense ($8.475 0 Xaçm) 5 $120438 CAns. Ans werez : 2017 - Depreciation using the Declining - balance medhad [5450 | 2018 20438 ]

MOUR 1. I Deprecialion cost per hour. Depreciable cost Total unol of actively il 987200 - $ 7400 69200 houry o $14.45 cane.) Answer. Depreciation per hour $ 4.15 OR

X C. nees QUO V Deprewebion using the writ-of-eetively : method for 2010 Depreciaukion (Depreciation y Vacil of pedively E expenses cost perhour during the years : -($ 1.45 X 420 hours) $483 Core) Answer? Depreciad ion using the 1483 unit-of actively method for 2017