Question

On January 1, 2012, a machine was installed at Jillian Factory at a cost of $56,000. Its estimated residual value at the end of its estimated life of four years is $24,000. The machine is expected to produce 64,000 units with the following production schedule:
• 2012: 13,000 units
• 2013: 28,000 units
• 2014: 15,000 units
• 2015: 8,000 units
Complete depreciation schedules for
(a) Straight-line,
(b) Units-of-production,
(c) Double declining-balance at twice the straight-line rate methods.



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  • CreatedApril 24, 2014
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