Question: Silverman Company purchased machinery for $162,000 on January 1, 2012. It is estimated that the machinery will have a useful life of 20 years, salvage
Silverman Company purchased machinery for $162,000 on January 1, 2012. It is estimated that the machinery will have a useful life of 20 years, salvage value of $15,000, production of 84,000 units, and working hours of 42,000. During 2012, the company uses the machinery for 14,300 hours, and the machinery produces 20,000 units. Compute depreciation under the straight-line, units-of-output, working hours, sum-of-the-years’-digits, and double-declining- balance methods.
Step by Step Solution
3.40 Rating (162 Votes )
There are 3 Steps involved in it
Depreciation base Cost 162000 Straightline 147000 20 7350 ... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
51-B-A-D-I-D (94).docx
120 KBs Word File
