Question: * Part D is incorrect, need help. Your answer is partially correct. Try again. Vaughn Corp. purchased machinery for $347,250 on May 1, 2020. It

 * Part D is incorrect, need help. Your answer is partially

* Part D is incorrect, need help.

Your answer is partially correct. Try again. Vaughn Corp. purchased machinery for $347,250 on May 1, 2020. It is estimated that it will have a useful life of 10 years, salvage value of $17,250, production of 264,000 units, and working hours of 25,000. During 2021, Vaughn Corp. uses the machinery for 2,650 hours, and the machinery produces 29,300 units. From the information given, compute the depreciation charge for 2021 under each of the following methods. (Round intermediate calculations to 2 decimal places, e.g. 5.25 and final answers to 0 decimal places, e.g. 45,892.) (a) Straight-line 33,000 (b) Units-of-output 36,625 (c) Working hours 34,980 (d) Sum-of-the-years'- digits 54000l (e) Declining-balance (use 20% as the annual rate) 60,190

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 Accounting Questions!

Q:

\f