Straight line (347,250-17,250)/10 |
33,000 |
Units of output (347,250-17,250)/264,000*29,300 |
36,625 |
Working hours (347,250-17,250)/25,000*2650 |
34,980 |
Sum of digits | 54,000 |
Declining balance | 60,190 |
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Vaughn Corp. purchased machinery for $347,250 on May 1, 2020. It is estimated that it will...
Sheffield Corp. purchased machinery for $347,550 on May 1, 2020. It is estimated that it will have a useful life of 10 years, salvage value of $17,550, production of 264,000 units, and working hours of 25,000. During 2021, Sheffield Corp. uses the machinery for 2,650 hours, and the machinery produces 29,800 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...
explanation very appreciated Wildhorse Corp. purchased machinery for $347,100 on May 1, 2020. It is estimated that it will have a useful life of 10 years, salvage value of $17,100, production of 264,000 units, and working hours of 25,000. During 2021, Wildhorse Corp. uses the machinery for 2,650 hours, and the machinery produces 30,000 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...
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