Question: Is my answer correct ? Current Attempt In Progress A machine with a cost of $490000 has an estimated salvage value of $20000 and an

Is my answer correct ?

Current Attempt In Progress A machine with a cost of $490000 has an estimated salvage value of $20000 and an estimated useful life of 5 years or 10000 hours. It is to be depreciated using the units-of-activity method of depreciation. What is the amount of depreciation for the second full year, during which the machine was used 5300 hours? O $249100 $239700 $94000 $259700

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 Mathematics Questions!