Question: 2. O n May 1, 20x1, your a machine with a useful life of 2,520,000 units and a residual value of $10.000. In 20x1. the
2. O n May 1, 20x1, your a machine with a useful life of 2,520,000 units and a residual value of $10.000. In 20x1. the machine produces 100,000 units; in 20X2, 120,000 units. What is the balance in company, which uses UOP depreciation, purchases for $260,000 Accumulated Depreciation at the end of 20X27 a. $10,912 b. $11,904 c. $21,824 d. $9,920 u get a memo stating your firm uses the following formula to compute epreciation, what depreciation method will you be using? (Historical cost -Salvage value)/Total estimated units of output a. Straight-line b. Units of production d. Declining balance truck with an estimated useful life of 100,000 miles and a residual value of $4,000. c. Sum-of-the-years' digits 4On January 1, 20X1, ZipCo, which uses UOP depreciation, purchases for $24,000, a Miles driven are as follows: Year 20X1 20X2 20x3 20x4 20X5 Miles 20,000 15,000 10,000 25,000 30,000 Depreciation expense for the truck is 20X1 is: a. $4,000 b. $4,800 c. $20,000 d. $24,000 6
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