Production method, the machine cost $8,250 and the residual is $750. A step machine has an...
Production method, the machine cost $8,250 and the residual is $750. A step machine has an estimated useful life of 8000 hours and was used for 2,400 hours the first year; 2,200 in the second year how much depreciation expense be in each year?
Homework Answers
| Year | Depreciable value | Production in hours | Depreciation expense |
| 1st year | $8,250-$750 = $7,500 | 2,400 | $7,500/8,000*2,400 = $2,250 |
| 2nd year | $8,250-$750 = $7,500 | 2,200 | $7,500/8,000*2,200 = $2,062.50 |
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