A textiles machinery is purchased for $200,000 on 1st January. It has an estimated useful life...
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A textiles machinery is purchased for $200,000 on 1st January. It has an estimated useful life of 10 years and an estimated residual value of $20,000. The firm sells the asset at the residual value at the end of the 10th year. The machine has an expected production rate of 1,500 units per month during its useful life. Estimate the depreciation amount after producing 100,000 units. A textiles machinery is purchased for $200,000 on 1st January. It has an estimated useful life of 10 years and an estimated residual value of $20,000. The firm sells the asset at the residual value at the end of the 10th year. The machine has an expected production rate of 1,500 units per month during its useful life. Estimate the depreciation amount after producing 100,000 units.
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Related Book For
Intermediate accounting
ISBN: 978-0077647094
7th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date:
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