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28 Sep 2019
On 2009 January 2, a new machine was acquired for USD 900,000.The machine has an estimated salvage value of USD 100,000 and anestimated useful life of 10 years. The machine is expected toproduce a total of 500,000 units of product throughout its usefullife. Compute depreciation for 2009 and 2010 using each of thefollowing methods: a. Straight line. b. Units of production (assume30,000 and 60,000 units were produced in 2009 and 2010,respectively). c. Double-declining balance.
On 2009 January 2, a new machine was acquired for USD 900,000.The machine has an estimated salvage value of USD 100,000 and anestimated useful life of 10 years. The machine is expected toproduce a total of 500,000 units of product throughout its usefullife. Compute depreciation for 2009 and 2010 using each of thefollowing methods: a. Straight line. b. Units of production (assume30,000 and 60,000 units were produced in 2009 and 2010,respectively). c. Double-declining balance.
Bunny GreenfelderLv2
28 Sep 2019