JoJo Company buys a sewing machine and needs to depreciate the sewing machine. Here are the details: 

       

Cost of Machine	$500,000
Estimated Useful Life	5 years
Estimated Salvage Value	$50,000
Estimated Productive Life in Hours	30,000

Year 1 hours in use	10,000
Year 2 hours in use	0
Year 3 hours in use	15,000
Year 4 hours in use	5,000
Year 5 hours in use	10,000

What is depreciation in FYE 5 using the Units of Production Method?  

 

Answer rating: 100% (QA)

Depreciation per hour can be computed as Cost of machine Salv... View the full answer