Question

Blossom Company purchased a new machine on October 1, 2022, at a cost of $70,100. The company estimated that the machine has a salvage value of $4,380. The machine is expected to be used for 62,000 working hours during its 10-year life. Compute depreciation using the following methods in the year indicated. X Your answer is incorrect. Declining-balance using double the straight-line rate for 2022 and 2023. 2022 2023 Depreciation using the Declining-balance method $ 4381 6572 e Textbook and Media x Your answer is incorrect. Calculate the depreciation cost per hour. (Round answer to 2 decimal places, e.g. $1.25) Depreciation cost per hour $ Units-of-activity for 2022, assuming machine usage was 450 hours. (Round answer to 0 decimal places, e.g. 5,275.) Depreciation using the Units-of-activity method for 2022 $

Answer 1

COmputation of deprecdtion casing alouble declirgng pethod Depreciation Yate Sefeel life 20 1 1 we shoald take for year 2022 Proportionate depceciation Here ी we bave 3 masthsPor 202 2 andtor depreciation to 2023 fut1 year yearderiginal depreciation COst Net Rock value 2022 10100 tal00x201.X3 466595 $3505 2023B66595SG659S x 20/ 5326 13319

2022 2023 Depreciation esing dauble declng 3 505 Depreciation eing onit a production meth Salvagevalu Depreciation bor east of asset estamated hauvs 4380 7o100- 06/haur De prec fationhar n 2022 macine usage eas t 50 hocre 450 x10 hocr c$477 Deprecation Cts af actiuiey Depreciationu method Por2022 B4 ingthe