Question

Dray Enterprises recently acquired a new machine at a cost of $ 59,000. The machine has an estimated useful life of six years or 45,000 production hours, and salvage value is estimated at $ 5,000. During the first two years of the asset’s life, 8,000 and 7,500 production hours, respectively, were logged by the machine. Calculate the depreciation charge for the first two years of the asset’s life using the.
(a) Straight-line method.
(b) Units-of-production method.
(c) Double-declining-balance method.


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  • CreatedMarch 25, 2015
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