A three-year-old machine has a cost of $49,000, and estimated residual value of $2,200, and an estimated useful life of 39,000 machine hours. The company uses units-of-production depreciation and ran the machine 4,600 hours in year 1; 6,150 hours in the year 2; and 8,200 hours in year 3.
Calculate the net book value at the end of the third year.
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A three-year-old machine has a cost of $49,000, and estimated residual value of $2,200, and an estimated useful life of 39,000 machine hours. The company uses units-of-production depreciation and ran the machine 4,600 hours in year 1; 6,150 hours in the y
a.A three-year-old machine has a cost of $50,000, an estimated residual value of $5,000, and an estimated useful life of five years. The company uses straight-line depreciation.Calculate the net book value at the end of the third year.b.A three-year-old machine has a cost of $37,600, an estimated residual value of $2,600, and an estimated useful life of 35,000 machine hours. The company uses units-of-production depreciation and ran the machine 5,200 hours in year 1; 6,150 hours in year 2; and...
A three-year-old machine has a cost of $49,000, and estimated residual value of $2,200, and an estimated useful life of 39,000 machine hours. The company uses units-of-production depreciation and ran the machine 4,600 hours in year 1; 6,150 hours in the year 2; and 8,200 hours in year 3.Calculate the net book value at the end of the third year.
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QUESTION 2 A machine with a four-year estimated useful life and an estimated residual value of $10,000 was acquired on January 1, 2011 for $40,000. Would depreciation expense using sum-of-the-years-digits be higher or lower than depreciation expense using double-declining balance in the first year? Higher Lower Cannot answer based on only this information QUESTION 3 On January 1, 2011, New Company purchased a new copier for $22.000. The asset has an estimated life of four years and an estimated residual...