Question: The company acquired a machine on January 1 at an original 111174

The company acquired a machine on January 1 at an original cost of $60,000. The machine’s estimated residual value is $10,000, and its estimated life is 10,000 service hours. The actual usage of the machine was as follows: Year 1, 2,000 hours; Year 2, 5,000 hours; Year 3, 2,000 hours; Year 4, 1,000 hours. Compute
(1) Depreciation expense for each year of the machine’s life and
(2) Book value at the end of each year of the machine’s life.




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  • CreatedApril 07, 2012
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