Darios Meat Pies purchased an oven on January 2, 2010, for $325,000. The owner of the...
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Darios Meat Pies purchased an oven on January 2, 2010, for $325,000. The owner of the oven estimates that the oven will last 12 years or bake 600,000 pies and thereafter have a residual value of $25,000. The following is a schedule of the pies that the business will produce: 41,000 pies 2010 47,500 pies 2011 62,500 pies 2012 58,500 pies 2013 41,500 pies 201 4 pies 201 5 40,000 201 6 32,000 pies 72,000 pies 201 60,000 7 pies 201 8 201 9 202 0 202 1 40,000 pies 60,000 pies 45,000 pies Calculate the accumulated depreciation and book value as of December 31, 2016, using the units of activity method. (6 pts) Darios Meat Pies purchased an oven on January 2, 2010, for $325,000. The owner of the oven estimates that the oven will last 12 years or bake 600,000 pies and thereafter have a residual value of $25,000. The following is a schedule of the pies that the business will produce: 41,000 pies 2010 47,500 pies 2011 62,500 pies 2012 58,500 pies 2013 41,500 pies 201 4 pies 201 5 40,000 201 6 32,000 pies 72,000 pies 201 60,000 7 pies 201 8 201 9 202 0 202 1 40,000 pies 60,000 pies 45,000 pies Calculate the accumulated depreciation and book value as of December 31, 2016, using the units of activity method. (6 pts)
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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