I have the answer below but I have just one
equation.
from where and how they got the 20000 ( I underline it below)
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I have the answer below but I have just one
equation.
from where and how they...
Wildhorse Ltd, purchased a new machine on April 4, 2014, at a cost of $172,800. The...
Wildhorse Ltd, purchased a new machine on April 4, 2014, at a cost of $172,800. The company estimated that the machine would have a residual value of $18,000. The machine is expected to be used for 9,000 working hours during its four year life. Actual machine usage was 1,300 hours in 2014.2.600 hours in 2015: 2,100 hours in 2016; 1,900 hours in 2017, and 1.700 hours in 2018. Wildhorse has a December 31 year end. Calculate depreciation for the machine...
In recent years, Crane Company has purchased three machines. Because of frequent employee turnover in the...
In recent years, Crane Company has purchased three machines.
Because of frequent employee turnover in the accounting department,
a different accountant was in charge of selecting the depreciation
method for each machine, and various methods have been used.
Information concerning the machines is summarized in the table
below.
Machine
Acquired
Cost
Salvage
Value
Useful Life
(in years)
Depreciation
Method
1
Jan. 1, 2015
$130,500
$30,500
10
Straight-line
2
July 1, 2016
88,000
10,100
5
Declining-balance
3
Nov. 1, 2016
76,100...
In recent years, Sheridan Company has purchased three machines. Because of frequent employee turnover in the...
In recent years, Sheridan Company has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge of selecting the depreciation method for each machine, and various methods have been used. Information concerning the machines is summarized in the table below. Useful Life (in years) Depreciation Method Machine Salvage Acquired Cost Value Jan. 1, 2015 $133,000 $45,000 July 1, 2016 86,500 10,500 Nov. 1, 2016 68,2008,200 8 Straight-line Declining-balance Units-of-activity For the declining-balance...
In recent years, Crane Company has purchased three machines. Because of frequent employee turnover in the...
In recent years, Crane Company has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge of selecting the depreciation method for each machine, and various methods have been used. Information concerning the machines is summarized in the table below. Machine Acquired Cost Salvage Value Useful Life (in years) Depreciation Method 1 Jan. 1, 2015 $126,000 $16,000 10 Straight-line 2 July 1, 2016 79,000 11,200 5 Declining-balance 3 Nov. 1, 2016 71,900...
In recent years, Pharoah Company has purchased three machines. Because of frequent employee turnover in the...
In recent years, Pharoah Company has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge of selecting the depreciation method for each machine, and various methods have been used. Information concerning the machines is summarized in the table below. Machine Acquired Salvage Value Cost Useful Life (in years) Depreciation Method Straight-line Jan. 1, 2015 $135,500 July 1, 2016 81,500 Nov. 1, 2016 77,600 $35,500 10,200 7,600 5 Declining-balance Units-of-activity For the...
Oriole Ltd. purchased a new machine on April 4, 2014, at a cost of $180,000. The...
Oriole Ltd. purchased a new machine on April 4, 2014, at a cost
of $180,000. The company estimated that the machine would have a
residual value of $18,000. The machine is expected to be used for
9,000 working hours during its four-year life. Actual machine usage
was 1,300 hours in 2014; 2,000 hours in 2015; 2,100 hours in 2016;
1,900 hours in 2017; and 1,700 hours in 2018. Oriole has a December
31 year end.
Calculate depreciation for the machine...
Problem 9-8A (Part Level Submission) In recent years, Wildhorse Co. has purchased three machines. Because of...
Problem 9-8A (Part Level Submission) In recent years, Wildhorse Co. has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge of selecting the depreciation method for each machine, and various methods have been used. Information concerning the machines is summarized in the table below. Salvage Value Useful Life (in years) 10 Depreciation Method Machine Acquired Jan. 1, 2015 July 1, 2016 Nov. 1, 2016 Cost $123,000 $23,000 11,400 6,700 Straight-line Declining-balance...
Cullumber Ltd. purchased a new machine on April 4, 2014, at a cost of $179,200. The...
Cullumber Ltd. purchased a new machine on April 4, 2014, at a
cost of $179,200. The company estimated that the machine would have
a residual value of $16,000. The machine is expected to be used for
10,200 working hours during its four-year life. Actual machine
usage was 1,400 hours in 2014; 2,200 hours in 2015; 2,400 hours in
2016; 2,200 hours in 2017; and 2,000 hours in 2018. Cullumber has a
December 31 year end.
Calculate depreciation for the machine...
E9–3 Cirrus Ltd. purchased a new machine on April 4, 2014, at a cost of $172,000....
E9–3 Cirrus Ltd. purchased a new machine on April 4, 2014, at a cost of $172,000. Th e company estimated that the machine would have a residual value of $16,000. Th e machine is expected to be used for 10,000 working hours during its four-year life. Actual machine usage was 1,500 hours in 2014; 2,200 hours in 2015; 2,300 hours in 2016; 2,100 hours in 2017; and 1,900 hours in 2018. Cirrus has a December 31 year end. Instructions (a)...
Question 2 Cullumber Ltd. purchased a new machine on April 4, 2014, at a cost of...
Question 2
Cullumber Ltd. purchased a new machine on April 4, 2014, at a
cost of $179,200. The company estimated that the machine would have
a residual value of $16,000. The machine is expected to be used for
10,200 working hours during its four-year life. Actual machine
usage was 1,400 hours in 2014; 2,200 hours in 2015; 2,400 hours in
2016; 2,200 hours in 2017; and 2,000 hours in 2018. Cullumber has a
December 31 year end.
Calculate depreciation for...
Wildhorse Ltd, purchased a new machine on April 4, 2014, at a cost of $172,800. The company estimated that the machine would have a residual value of $18,000. The machine is expected to be used for 9,000 working hours during its four year life. Actual machine usage was 1,300 hours in 2014.2.600 hours in 2015: 2,100 hours in 2016; 1,900 hours in 2017, and 1.700 hours in 2018. Wildhorse has a December 31 year end. Calculate depreciation for the machine...
In recent years, Crane Company has purchased three machines.
Because of frequent employee turnover in the accounting department,
a different accountant was in charge of selecting the depreciation
method for each machine, and various methods have been used.
Information concerning the machines is summarized in the table
below.
Machine
Acquired
Cost
Salvage
Value
Useful Life
(in years)
Depreciation
Method
1
Jan. 1, 2015
$130,500
$30,500
10
Straight-line
2
July 1, 2016
88,000
10,100
5
Declining-balance
3
Nov. 1, 2016
76,100...
In recent years, Sheridan Company has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge of selecting the depreciation method for each machine, and various methods have been used. Information concerning the machines is summarized in the table below. Useful Life (in years) Depreciation Method Machine Salvage Acquired Cost Value Jan. 1, 2015 $133,000 $45,000 July 1, 2016 86,500 10,500 Nov. 1, 2016 68,2008,200 8 Straight-line Declining-balance Units-of-activity For the declining-balance...
In recent years, Pharoah Company has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge of selecting the depreciation method for each machine, and various methods have been used. Information concerning the machines is summarized in the table below. Machine Acquired Salvage Value Cost Useful Life (in years) Depreciation Method Straight-line Jan. 1, 2015 $135,500 July 1, 2016 81,500 Nov. 1, 2016 77,600 $35,500 10,200 7,600 5 Declining-balance Units-of-activity For the...
Oriole Ltd. purchased a new machine on April 4, 2014, at a cost
of $180,000. The company estimated that the machine would have a
residual value of $18,000. The machine is expected to be used for
9,000 working hours during its four-year life. Actual machine usage
was 1,300 hours in 2014; 2,000 hours in 2015; 2,100 hours in 2016;
1,900 hours in 2017; and 1,700 hours in 2018. Oriole has a December
31 year end.
Calculate depreciation for the machine...
Problem 9-8A (Part Level Submission) In recent years, Wildhorse Co. has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge of selecting the depreciation method for each machine, and various methods have been used. Information concerning the machines is summarized in the table below. Salvage Value Useful Life (in years) 10 Depreciation Method Machine Acquired Jan. 1, 2015 July 1, 2016 Nov. 1, 2016 Cost $123,000 $23,000 11,400 6,700 Straight-line Declining-balance...
Cullumber Ltd. purchased a new machine on April 4, 2014, at a
cost of $179,200. The company estimated that the machine would have
a residual value of $16,000. The machine is expected to be used for
10,200 working hours during its four-year life. Actual machine
usage was 1,400 hours in 2014; 2,200 hours in 2015; 2,400 hours in
2016; 2,200 hours in 2017; and 2,000 hours in 2018. Cullumber has a
December 31 year end.
Calculate depreciation for the machine...
Question 2
Cullumber Ltd. purchased a new machine on April 4, 2014, at a
cost of $179,200. The company estimated that the machine would have
a residual value of $16,000. The machine is expected to be used for
10,200 working hours during its four-year life. Actual machine
usage was 1,400 hours in 2014; 2,200 hours in 2015; 2,400 hours in
2016; 2,200 hours in 2017; and 2,000 hours in 2018. Cullumber has a
December 31 year end.
Calculate depreciation for...
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