C. $19,575
Depreciation per unit = (Cost - Salvage value) / Total units of production
Depreciation per unit = ($155,000 - $20,000) / 100,000 units
Depreciation per unit = $1.35 per unit
Depreciation for the first year = 14,500 units × $1.35
Depreciation for the first year = $19,575
Cheshire Corporation purchases a machine for $155,000. It has an estimated salvage value of $20,000 and...
Cheshire Corporation purchases a machine for $ 125 comma 000 $125,000. It has an estimated salvage value of $ 20 comma 000 $20,000 and is expected to produce 50 comma 000 50,000 units in its lifetime. During the first year of operation, it produced 14 comma 500 14,500 units. To the nearest dollar, the depreciation for the first year under the units of production method will be: (Round intermediary calculations to the nearest cent, and the final answer to the...
Cheshire Corporation purchases a machine for $160.000. It has an estimated salvage value of $20,000 and is expected to produce 50.000 units in some During the first year of operation depreciation for the first your under the units of production method wil be:Round immediary cautions to the neareston and the final anwer to the nearest dar) produced 15.500 To ne nared OA 140,000 OBS43.400 OC. $49,600 OD $35,000
A machine costing $210,800 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 477,000 units of product during its life. It actually produces the following units: 122,300 in Year 1, 123,700 in Year 2, 120,000 in Year 3, 121,000 in Year 4. 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...
Ironworks Industries paid $190,000 for a machine with a $7.000 salvage value and an estimated life of 200,000 hours Ironworks reports on a calendar year basis and used the machine for 1.800 hours during the first year it owned the asset. Which of the following statements accurately compare the first year depreciation expense if the asset had been purchased on January 1 of the current year versus a March 1 acquisition date. (Round any intermediary calculations to the nearest cent...
Marshall Company purchases a machine for $640,000 . The machine has
an estimated residual value of $100,000 . The company expects the
machine to produce two million units. The machine is used to make
660, 000 units during the current period
Marshall Company purchases a machine for $640,000. The machine has an estimated residual value of $100,000. The company expects the machine to produce two million units. The machine is used to make 660,000 units during the current period. If...
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: 123,200 in 1st year, 123,800 in 2nd
year, 120,400 in 3rd year, 132,600 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 $214,000 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 490,000 units of product during its life. It actually produces the following units: 122,400 in 1st year, 124,300 in 2nd year, 120,700 in 3rd year, 132,600 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 $211,800 with a four-year life and an estimated $19000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 482,000 units of product during its life. It actually produces the following units: 122,100 in 1st year, 123,300 in 2nd year, 119,900 in 3rd year, and 126,700 in 4th year. The total number of units produced by the end of year 4 exceeds the original estimate- this difference was...
A machine costing $206,200 with a four-year life and an estimated $15,000 salvage value is installed in Luther Company’s factory on January 1. The factory manager estimates the machine will produce 478,000 units of product during its life. It actually produces the following units: 122,200 in 1st year, 122,700 in 2nd year, 121,100 in 3rd year, 122,000 in 4th year. The total number of units produced by the end of year 4 exceeds the original estimate—this difference was not predicted....