ABC Company purchased a new machine on January 1, 2017, at a cost of $220,000. The machine is expected to have 10 year life and a $20,000 salvage (Residual value. The machine is expected to work 800,000 hours during its 10-year term lite Working caring 2017 was 70,000 hours and during 2018 was 110,000 hours and during 2019 was 120,000 hours. 

Instructions

Prepare a depreciation schedule which shows the annual depreciation expense on the machine for the years 2017, 2018, und 2019 under under of the following methods: 

1) Units or production

Answer rating: 100% (QA)

Units of Panduction Method of Depreciation Depreciation Exponse Original Value Selvage ... View the full answer