Problem 11-11 (Part Level Submission) On January 1, 2015, a machine was purchased for $101,700. The...
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Problem 11-11 (Part Level Submission) On January 1, 2015, a machine was purchased for $101,700. The machine has an estimated salvage value of $6,780 and an estimated useful life of 5 years. The machine can operate for 113,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2015, 22,600 hrs; 2016, 28,250 hrs; 2017, 16,950 hrs; 2018, 33,900 hrs; and 2019, 11,300 hrs. Your answer is correct. Compute the annual depreciation charges over the machine's life assuming a December 31 year-end for each of the following depreciation methods. (Round answers to 0 decimal places, e.g. 45,892.) (2) A Year 2005 2008 2017 2008 2009 Year 2015 2006 (4) Dece 2018 Year 2005 2017 2008 2009 - (b) Assume a fiscal year-end of September 30. Compute the annual depreciation charges over the asset's life applying each of the following methods. (Round answers to 0 decimal places, e.g. 45,892.) Year Straight-line Method Sum-of-the-years-digits method Double-declining-balance method 2015 2016 2017 2009 ***** ***** ***AN 2020 Click if you like to show Work for this tion Open LIETO TEAT Problem 11-11 (Part Level Submission) On January 1, 2015, a machine was purchased for $101,700. The machine has an estimated salvage value of $6,780 and an estimated useful life of 5 years. The machine can operate for 113,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2015, 22,600 hrs; 2016, 28,250 hrs; 2017, 16,950 hrs; 2018, 33,900 hrs; and 2019, 11,300 hrs. Your answer is correct. Compute the annual depreciation charges over the machine's life assuming a December 31 year-end for each of the following depreciation methods. (Round answers to 0 decimal places, e.g. 45,892.) (2) A Year 2005 2008 2017 2008 2009 Year 2015 2006 (4) Dece 2018 Year 2005 2017 2008 2009 - (b) Assume a fiscal year-end of September 30. Compute the annual depreciation charges over the asset's life applying each of the following methods. (Round answers to 0 decimal places, e.g. 45,892.) Year Straight-line Method Sum-of-the-years-digits method Double-declining-balance method 2015 2016 2017 2009 ***** ***** ***AN 2020 Click if you like to show Work for this tion Open LIETO TEAT
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Related Book For
Intermediate Accounting
ISBN: 978-1118742976
16th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Posted Date:
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