Novak Company purchased a new machine on October 1, 2020, at a cost of $110,100. The company
Fantastic news! We've Found the answer you've been seeking!
Question:
Novak Company purchased a new machine on October 1, 2020, at a cost of $110,100. The company estimated that the machine will have a salvage value of $10,100. The machine is expected to be used for 10,000 working hours during its 4-year life.
(b)
Compute the depreciation expense under units-of-activity for 2020, assuming machine usage was 1,610 hours. (Round intermediate calculations to 1 decimal place, e.g.10.1 and final answer to 0 decimal places, e.g. 2,125.)
Depreciation expense $
Related Book For
Accounting Principles
ISBN: 978-1119411482
13th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date: