The answer has been presented in the supporting sheet. For detailed answer refer to the supporting sheet.
Sheffield Corp. purchased machinery for $347,550 on May 1, 2020. It is estimated that it will...
Swifty Corp. purchased machinery for $345,000 on May 1, 2020. It is estimated that it will have a useful life of 10 years, salvage value of $15,000, production of 264,000 units, and working hours of 25,000. During 2021, Swifty Corp. uses the machinery for 2,650 hours, and the machinery produces 26,200 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...
Vaughn Corp. purchased machinery for $347,250 on May 1, 2020. It is estimated that it will have a useful life of 10 years, salvage value of $17,250, production of 264,000 units, and working hours of 25,000. During 2021, Vaughn Corp. uses the machinery for 2,650 hours, and the machinery produces 29,300 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...
Crane Corp. purchased machinery for $312,150 on May 1, 2020. It is estimated that it will have a useful life of 10 years, salvage value of $15,150, production of 237,600 units, and working hours of 25,000. During 2021, Crane Corp. uses the machinery for 2,650 hours, and the machinery produces 25,700 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...
Sheridan Corp. purchased machinery for $313,500 on May 1, 2020. It is estimated that it will have a useful life of 10 years, salvage value of $16,500, production of 237,600 units, and working hours of 25,000. During 2021, Sheridan Corp. uses the machinery for 2,650 hours, and the machinery produces 27,300 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...
Splish Corp. purchased machinery for $381,600 on May 1, 2020. It is estimated that it will have a useful life of 10 years, salvage value of $18,600, production of 290,400 units, and working hours of 25,000. During 2021, Splish Corp. uses the machinery for 2,650 hours, and the machinery produces 31,620 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...
Splish Corp. purchased machinery for $381,600 on May 1, 2020. It is estimated that it will have a useful life of 10 years, salvage value of $18,600, production of 290,400 units, and working hours of 25,000. During 2021, Splish Corp. uses the machinery for 2,650 hours, and the machinery produces 31,620 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...
Sunland Corp. purchased machinery for $313,950 on May 1, 2020. It is estimated that it will have a useful life of 10 years, salvage value of $16,950, production of 237,600 units, and working hours of 25,000. During 2021, Sunland Corp. uses the machinery for 2,650 hours, and the machinery produces 28,800 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...
Splish Corp. purchased machinery for $381,600 on May 1, 2020. It is estimated that it will have a useful life of 10 years, salvage value of $18,600, production of 290,400 units, and working hours of 25,000. During 2021, Splish Corp. uses the machinery for 2,650 hours, and the machinery produces 31,620 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...
Kingbird Corp. purchased machinery for $381,150 on May 1, 2020.
It is estimated that it will have a useful life of 10 years,
salvage value of $18,150, production of 290,400 units, and working
hours of 25,000. During 2021, Kingbird Corp. uses the machinery for
2,650 hours, and the machinery produces 30,900 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...