AbeCo borrowed $75,000 from the bank to purchase a machine that was estimated to produce 120,000 units
Question:
AbeCo borrowed $75,000 from the bank to purchase a machine that was estimated to produce 120,000 units of product; its expected residual value is $15,000. During 2014 and 2015, the machine produced 20,000 and 28,000 units, respectively. Calculate depreciation for 2014 and 2015 assuming the units-of-production method is used:
a. To the nearest whole month,
b. Using the half-year convention.
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2014 2015 a 10000 14000 b 10000 140...View the full answer
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Related Book For
Fundamental Accounting Principles Volume II
ISBN: 978-1259066511
14th Canadian Edition
Authors: Larson Kermit, Jensen Tilly
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