Double declining balance method | ||||||
DDB Depreciation for the Period | End of Period | |||||
Years | Beginning of Period Book Value | Depreciation Rate | Depreciation Expense | Accumulated Depreciation | Book Value | |
1 | 257,500 | 50 | % | 128,750 | 128,750 | 128,750 |
2 | 128,750 | 50 | % | 64,375 | 193,125 | 64,375 |
3 | 64,375 | 50 | % | 32,188 | 225,313 | 32,188 |
4 | 32,188 | 37.86 | % | 12,188 | 237,500 | 20,000 |
237,500 |
Having trouble to get gge last problem Compute depreciation for each year (and total depreciation of...
Compute depreciation for each year (and total depreciation of
all years combined) for the machine under each depreciation
method.
A machine costing $212,600 with a four-year life and an estimated $17,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 489,000 units of product during its life. It actually produces the following units: 122,800 in Year 1, 122,900 in Year 2, 120,500 in Year 3, 132,800 in Year 4. The...
Having trouble with the last
one
A machine costing $212,000 with a four-year life and an estimated $20,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 480,000 units of product during its life. It actually produces the following units: 123,100 in Year 1, 123,100 in Year 2, 121,300 in Year 3, 122,500 in Year 4. The total number of units produced by the end of Year 4 exceeds the...
Problem 8-2A Depreciation methods LO P1 A machine costing $215,200 with a four-year life and an estimated $18,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 493,000 units of product during its life. It actually produces the following units: 121,800 in 1st year, 123,200 in 2nd year, 120,600 in 3rd year, 137,400 in 4th year. The total number of units produced by the end of year 4 exceeds the...
Problem 10-2A Depreciation methods LO P1 A machine costing $211,200 with a four-year life and an estimated $16,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 488,000 units of product during its life. It actually produces the following units: 122,200 in 1st year, 122,700 in 2nd year, 121,200 in 3rd year, 131,900 in 4th year. The total number of units produced by the end of year 4 exceeds the...
help I'm stuck!
Problem 10-2A Depreciation methods LO P1 A machine costing $208,800 with a four-year life and an estimated $18,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 477,000 units of product during its life. It actually produces the following units: 122,400 in 1st year, 124,100 in 2nd year, 120,400 in 3rd year, 120,100 in 4th year. The total number of units produced by the end of year...
Problem 10-2A Depreciation methods LO P1 A machine costing $209,800 with a four-year life and an estimated $19,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 477,000 units of product during its life. It actually produces the following units: 121,800 in 1st year, 122,700 in 2nd year, 119,800 in 3rd year, 122,700 in 4th year. The total number of units produced by the end of year 4 exceeds the...
Problem 8-2A Depreciation methods LO P1 A machine costing $213.000 with a four-year life and an estimated $15,000 savage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 495.000 units of product during its life. It actually produces the following units: 122,500 in Year 1 124,300 in Year 2, 120.700 in Year 3, 137,500 in Year 4. The total number of units produced by the end of Year 4 exceeds the...
A machine costing $210.400 with a four-year life and an estimated $16,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 486,000 units of product during its life. It actually produces the following units: 121,700 in Year 1, 122,600 in Year 2, 120,600 in Year 3, 131,100 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate-this difference was not predicted.(The...
A machine costing $213,000 with a four-year life and an
estimated $17,000 salvage value is installed in Luther Company’s
factory on January 1. The factory manager estimates the machine
will produce 490,000 units of product during its life. It actually
produces the following units: 123,400 in 1st year, 123,100 in 2nd
year, 120,000 in 3rd year, 133,500 in 4th year. The total number of
units produced by the end of year 4 exceeds the original
estimate—this difference was not predicted....
A machine costing $216,000 with a four year life and an estimated $20,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 490,000 units of product during its life. It actually produces the following units: 121.500 in 1st year, 123.300 in 2nd year. 121.400 in 3rd year, 133,800 in 4th year. The total number of units produced by the end of year 4 exceeds the original estimate-this difference was not...