Question: Additional Problem 2 Cheyenne Manufacturing purchased a machine on January 1, 2020 for use in its factory. Cheyenne 528,000 for the machine and stated that

 Additional Problem 2 Cheyenne Manufacturing purchased a machine on January 1,

Additional Problem 2 Cheyenne Manufacturing purchased a machine on January 1, 2020 for use in its factory. Cheyenne 528,000 for the machine and stated that it hade of a year the end of the machine was expected to have a residual value of $50,000. During the machine was expected to produce 140.000 units. During 2020, the machine proced48.200 , and produced 70.000 2011 The machine was subject to a 20%. CCA noite, and Cheyenne's year end was December 31 Your answer is correct. Try again Calculate the annual depreciation amount for 2020 and 2021 under the traight line method 2020 2021 Annual depreciation amount 66000 66000 LINETOTER

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!