On January 1, 2011, MAC Corporation purchased a machine for $60,000. The machine cost $800 to deliver
Question:
On January 1, 2011, MAC Corporation purchased a machine for $60,000. The machine cost $800 to deliver and $2,000 to install. At the end of 10 years, MAC expects to sell the machine for $2,000. Compute depreciation expense for 2011 and 2012 using the following methods:
1. Double-declining-balance
2. 150% declining-balance
3. Sum-of-the-years’-digits
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
1 Doubledecliningbalance 2011 62800 x 10 x 2 12560 2012 62800 12560 ...View the full answer
Answered By
Muhammad Ahtsham Shabbir
I am a professional freelance writer with more than 7 years’ experience in academic writing. I have a Bachelor`s Degree in Commerce and Master's Degree in Computer Science. I can provide my services in various subjects.
I have professional excellent skills in Microsoft ® Office packages such as Microsoft ® Word, Microsoft ® Excel, and Microsoft ® PowerPoint. Moreover, I have excellent research skills and outstanding analytical and critical thinking skills; a combination that I apply in every paper I handle.
I am conversant with the various citation styles, among them; APA, MLA, Chicago, Havard, and AMA. I also strive to deliver the best to my clients and in a timely manner.My work is always 100% original. I honestly understand the concern of plagiarism and its consequences. As such, I ensure that I check the assignment for any plagiarism before submission.
392+ Reviews
587+ Question Solved
Related Book For 
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
Question Posted:
