Costco acquired machinery for $227,000 on Sept 1, 2023. The machinery's estimated useful life is 7...
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Costco acquired machinery for $227,000 on Sept 1, 2023. The machinery's estimated useful life is 7 years, and the estimated residual value is $14,000. Costco estimates that the machine will produce 1,290,000 units of product over the useful life of the machine, of which 190,000 was produced during 2023. a. Straight line Deprecation for 2023 b. Straight line Depreciation for 2024 c. Sum of Years digits for 2023 d. Activities base for 2023. e. Triple declining balance for 2023 e. Triple declining balance for 2024 g. What would the book value of the asset be as of 12/31/24 if Triple Declining was used? Costco acquired machinery for $227,000 on Sept 1, 2023. The machinery's estimated useful life is 7 years, and the estimated residual value is $14,000. Costco estimates that the machine will produce 1,290,000 units of product over the useful life of the machine, of which 190,000 was produced during 2023. a. Straight line Deprecation for 2023 b. Straight line Depreciation for 2024 c. Sum of Years digits for 2023 d. Activities base for 2023. e. Triple declining balance for 2023 e. Triple declining balance for 2024 g. What would the book value of the asset be as of 12/31/24 if Triple Declining was used?
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Depreciation Calculations for Costcos Machinery a StraightLine Depreciation for 2023 Depreciable bas... View the full answer
Related Book For
Financial Reporting and Analysis
ISBN: 978-1259722653
7th edition
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
Posted Date:
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