Question

Question 5 --/1 View Policies Current Attempt in Progress Oriole Corp. purchased machinery for $381,000 on May 1, 2020. It is estimated that it will have a useful life of 10 years, salvage value of $18,000, production of 290,400 units, and working hours of 25,000. During 2021, Oriole Corp. uses the machinery for 2,650 hours, and the machinery produces 30,600 units. From the information given, compute the depreciation charge for 2021 under each of the following methods. (Round intermediate calculations to 2 decimal places, e.g. 5.25 and final answers to O decimal places, e.g. 45,892.) (a) Straight-line " (b) Units-of-output " (c) Working hours " (d) Sum-of-the-years-digits " (e) Declining-balance (use 20% as the annual rate) $ e Textbook and Media Attempts: 0 of 10 used Save for Later Submit Answer

Answer 1

a)	Straight line
	(381000-18000)/10
	36300	answer
b)	Units of output
	(381000-18000)/290400
	1.25
	1.25*30600
	38250	answer
c)	Working hours
	(381000-18000)/25000
	14.52
	14.52*2650
	38478	answer
d)	sum of the years digit
	(10*11)/2
	55
	363000*10/55*4/12
	22000
	363000*9/55*8/12
	39600
	61600	answer
e)	Double declining
	381000*20%*8/12
	50800
	(381000-50800)*20%
	66040	answer