Question: Computing Depreciation under Alternative methods At the beginning of the year, Palermo Brothers, Inc., Purchased a new plastic water bottle making machine at a cost
Computing Depreciation under Alternative methods
At the beginning of the year, Palermo Brothers, Inc., Purchased a new plastic water bottle making machine at a cost of $ The estimated residual value was $ Assume that the estimated useful life was eight years and the estimated productive life of the machine was units. Actual annual production was as follows:
Year units units
Year units units
Year units units
Year units units
Required:
Assuming a half year accounting convention, compute depreciation expense for years & under:
a Straightline SL
b Sum of the years Digits SYD
c Doubledecliningbalance DDB
d Units of production use two decimal places for the per unit output factor
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