Question: A machine that cost 504 000 with a four year life and

A machine that cost $504,000, with a four-year life and an estimated $48,000 residual value, was installed in Haley Company’s factory on September 1, 2014. The factory manager estimated that the machine would produce 475,000 units of product during its life. It actually produced the following units: 2014, 21,400; 2015, 122,400; 2016, 119,600; 2017, 118,200; and 2018, 102,000. The company’s year-end is December 31.

Prepare a form with the following column headings:

Show the depreciation for each year and the total depreciation for the machine under each depreciation method calculated to the nearest whole month. Round to the nearest wholedollar.
View Solution:

Sale on SolutionInn
  • CreatedJanuary 08, 2015
  • Files Included
Post your question