Wickland Company installs a manufacturing machine in its production facility at the beginning of the year...
Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $154,000. The machine's useful life is estimated to be 5 years, or 370,000 units of product, with a $6,000 salvage value. During its second year, the machine produces 59,200 units of product. Determine the machines' second year depreciation under the straight-line method.
Homework Answers
Depreciation each year under straight line method
= (Purchase cost – Salvage Value) / Useful life
= ($154,000 - $6,000) / 5
= $ 29,600
So, the straight line depreciation for the machine for the second year is $ 29,600
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Wickland Company installs a manufacturing machine in its
production facility at the beginning of the year...
Wickland Company installa a manufacturing machine in its production facility at the beginning of the year...
Wickland Company installa a manufacturing machine in its production facility at the beginning of the year at a cost of $93,000. The machine's useful life is estimated to be 20 years, or 390,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 15,600 units of product. Determine the machine's second year depreciation under the straight-line method.
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $86,800.
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $86,800. The machine's useful life is estimated at 20 years, or 404,000 units of product, with a $6,000 salvage value. During its second year, the machine produces 34,400 units of product. Determine the machine's second-year depreciation and year end book value under the straight-line method.
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year...
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost o $86,800. The machine's useful life is estimated at 20 years, or 404,000 units of product, with a $6,000 salvage value. During its second year, the machine produces 34,400 units of product. Determine the machine's second-year depreciation using the units-of-production method.
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $84,200
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Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year...
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Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year...
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II Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $84,200. The machine's useful life is estimated at 10 years, or 386,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 32,600 units of product. Exercise 8-4 Straight-line depreciation LO P1 Determine the machine's second-year depreciation and year end book value under the straight-line method. Straight-Line Depreclation Annual Depreciation Expense Choose Numerator: /...
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