4. Dupage Co. purchased a factory machine at a cost of $18,000 on January 1, 2017....
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4. Dupage Co. purchased a factory machine at a cost of $18,000 on January 1, 2017. The machine is expected to have a salvage value of $2,000 at the end of its 4 year useful life. During its useful life the machine is expected to be used for 160,000 hours: Actual annual hourly use was 40,000 hours in 2017 and 60,000 hours in 2018. Instructions: Determine the depreciation expense for 2017 and 2018 using (a) straight-line (b) units of activity (c) double declining balance methods of depreciation 2. 4. Dupage Co. purchased a factory machine at a cost of $18,000 on January 1, 2017. The machine is expected to have a salvage value of $2,000 at the end of its 4 year useful life. During its useful life the machine is expected to be used for 160,000 hours: Actual annual hourly use was 40,000 hours in 2017 and 60,000 hours in 2018. Instructions: Determine the depreciation expense for 2017 and 2018 using (a) straight-line (b) units of activity (c) double declining balance methods of depreciation 2.
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Answer a Calculation of depreciation expenses for 2017 and 2018 under straight line method Straight Line Method Under straight line method the depreci... View the full answer
Related Book For
South Western Federal Taxation 2016 Corporations Partnerships Estates and Trusts
ISBN: 9781305399884
39th edition
Authors: James Boyd, William Hoffman, Raabe, David Maloney, Young
Posted Date:
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