Question: Kiese, Intermediate Accounting. 17e Help System Announcements CALCULATOR PRINTER VERSION BACK NEXT Problem 11-02 The cost of equipment purchased by Vaughn, Inc., on June 1,
Kiese, Intermediate Accounting. 17e Help System Announcements CALCULATOR PRINTER VERSION BACK NEXT Problem 11-02 The cost of equipment purchased by Vaughn, Inc., on June 1, 2020. is $132.300. It is estimated that the machine will have a $6,300 salvage value at the end of its service life. Its service life is estimated at 7 years, its total working hours are estimated at 63.000, and its total production is estimated at 787,500 units. During 2020, the machine was operated 6,960 hours and produced 63,800 units. During 2021, the machine was operated 6,380 hours and produced 55,600 units. Compute depreciation expense on the machine for the year ending December 31, 2020, and the vear ending December 31, 2021, using the following methods. (Round depreciation per unit to 2 decimal places, e.g. 15.25 and final answers to o decimal places, e.g. 45,892.) 2021 2020 (a) Straight-line (b) Units-of-output (c) Working hours (d) Sum-of-the-years-digits (e) Double-declining balance (twice the straight-line rate) Click if you would like to Show Work for this questioni Open Show Work SHOW ANSWER Question Attempts: 0 of 1 used SAVE FOR SUBMIT
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