10 points eBook Print References Problem 10-2A (Algo) Depreciation methods LO P1 A machine costing $216,600...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
10 points eBook Print References Problem 10-2A (Algo) Depreciation methods LO P1 A machine costing $216,600 with a four-year life and an estimated $19,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 494,000 units of product during its life. It actually produces the following units: 122,600 in Year 1, 122,900 in Year 2, 120,400 in Year 3, 138,100 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate-this difference was not predicted. Note: The machine cannot be depreciated below its estimated salvage value. Required: Compute depreciation for each year (and total depreciation of all years combined) for the machine under each depreciation method. Note: Round your per unit depreciation to 2 decimal places. Round your answers to the nearest whole dollar. Complete this question by entering your answers in the tabs below. Straight Line Units of Production Double declining balance Compute depreciation for each year (and total depreciation of all years combined) for the machine under the Units of production. Units of Production Year Units Depreciable Units Year 1 122,600 Year 2 122,900 Year 3 120,400 Year 4 138,100 Total Depreciation per unit Depreciation Expense 10 points eBook Print References Problem 10-2A (Algo) Depreciation methods LO P1 A machine costing $216,600 with a four-year life and an estimated $19,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 494,000 units of product during its life. It actually produces the following units: 122,600 in Year 1, 122,900 in Year 2, 120,400 in Year 3, 138,100 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate-this difference was not predicted. Note: The machine cannot be depreciated below its estimated salvage value. Required: Compute depreciation for each year (and total depreciation of all years combined) for the machine under each depreciation method. Note: Round your per unit depreciation to 2 decimal places. Round your answers to the nearest whole dollar. Complete this question by entering your answers in the tabs below. Straight Line Units of Production Double declining balance Compute depreciation for each year (and total depreciation of all years combined) for the machine under the Units of production. Units of Production Year Units Depreciable Units Year 1 122,600 Year 2 122,900 Year 3 120,400 Year 4 138,100 Total Depreciation per unit Depreciation Expense
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
The adjusted trial balances of Rosa Corporation at August 31, 2014, and August 31, 2013, include these amounts (in millions): Rosa completed these transactions (in millions) during the year ended...
-
Refer to the Bhavika Investments (Problem 7-37) situation once again. It has been decided that, rather than minimize risk, the objective should be to maximize return while placing restriction on the...
-
Amonopoly is considering selling several units of a homogeneous product as a single package. Atypical consumers demand for the product is Qd = 80 - .5P, and the marginal cost of production is $ 100....
-
Estimate value of \(\varphi_{\mathrm{d}}\) in the tank and power \(\mathrm{P}\) required for Example 13-7 with \(\mathrm{H}_{\text {tank }}=\mathrm{d}_{\text {tank }}=0.8279 \mathrm{~m}\) and a...
-
Sub-Prime Loan Company is thinking of opening a new office, and the key data are shown below. The company owns the building that would be used, and it could sell it for $100,000 after taxes if it...
-
Hartman Motors has $12 million in assets, which were financed with $4 million of debt and $8 million in equity. Hartman's beta is currently 0.85, and its tax rate is 40%. Use the Hamada equation to...
-
For any public sector in UAE of your choice, apply the balanced score card approach to identify the organization strategy and the performance standards
-
Cheyenne Architects incorporated as licensed architects on April 1, 2022. During the first month of the operation of the business, these events and transactions occurred: Apr. 1 Stockholders invested...
-
Frames Inc manufactures large wooden picture frames each frame requires $19 of direct materials and $40 of direct labor variable manufacturing overhead cost is $9 per frame produced and variable...
-
A store is decreasing the price of all its items by 1 2 % . If an item usually costs $ 9 3 . 7 6 , how much will it cost after the decrease?
-
Joe and Mary are married for 6 years. Between them, they havefive children. Both of them were previously married. Joes ex-wifeclaimed physical and mental abuse. Joe grew up with a physicallyabusive...
-
A certain airline requires that the total outside dimensions (length + width + height) of a carry-on bag not exceed 47 inches. Suppose you want to carry on a bag whose length is twice its height....
-
21. The atomic number (Z), electron configurations, and numbers of unpaired electrons for five ions are listed in the following table. Assume that all unpaired electrons have parallel spins. Indicate...
-
Using (1) or (2), find L(f) if f(t) if equals: t cos 4t
-
The noncontrolling interest account arises on the consolidated balance sheet and is reported as a component of shareholders equity. Many financial analysts, however, regard the account as a component...
-
The equity method is often described as a one-line consolidation. Discuss the similarities of the equity method and consolidated reporting. Discuss how these methods differ in their financial...
-
Accumulated other comprehensive income (AOCI) appears as a subsection of shareholders equity on the balance sheet. Discuss the components of AOCI. What information does the AOCI convey to financial...
Study smarter with the SolutionInn App