Question 3 Table 8-3 Machiel Manufacturing acquired a $60,000 machine on January 1, 20X9. The machine...

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Question 3 Table 8-3 Machiel Manufacturing acquired a $60,000 machine on January 1, 20X9. The machine...

Question 3

Table 8-3
Machiel Manufacturing acquired a $60,000 machine on January 1, 20X9. The machine is estimated to have a useful life of 4 years, and a residual value of $10,000. For unit depreciation purposes, the machine is expected to produce 500,000 units.

Referring to Table 8-3, if Machiel Manufacturing uses straight-line depreciation, what is the depreciation expense in 2X11?

$12,500

$ 8,000

$ 8,800

$ 7,200

$ 3,686

business accounting

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Answer 1

Answer #1

As per Straight Line Method

Depreciation = (Initial Cost - Residual Value) / Use full Life

Hence ,

Depraciation = ( $60,000 - $10,000) / 4

= $12,500

Depreciation $12,500 will be charges every year 2009 to 2013.

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Answer 2

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Question 3 Table 8-3 Machiel Manufacturing acquired a $60,000 machine on January 1, 20X9. The machine...

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		$12,500
		$ 8,000
		$ 8,800
		$ 7,200
		$ 3,686

Question 3 Table 8-3 Machiel Manufacturing acquired a $60,000 machine on January 1, 20X9. The machine...

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Add Answer to: Question 3 Table 8-3 Machiel Manufacturing acquired a $60,000 machine on January 1, 20X9. The machine...

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Question 3 Table 8-3 Machiel Manufacturing acquired a $60,000 machine on January 1, 20X9. The machine...