Question: pls qith step?formual and the answer format same as the picture On April 30, 2009, Tilton Products purchased machinery for $44,000. The useful life of
On April 30, 2009, Tilton Products purchased machinery for $44,000. The useful life of this machinery is estimated at 8 years, with an $4,000 residual value 4.00 Refer to the information above. Assume that in its financial statements, Tilton Products uses straight-line depreciation and the half-year convention. Depreciation expense recognized on this machinery in 2009 and 2010 will be $3750 in 2009 and $5,500 in 2010. $3,000 in 2009 and $6,000 in 2010o O $2.500 in 2009 and $5,000 in 2010. O $5,500 in 2009 and $2750 in 2010. value 4.00 Refer to the information above. Assume that in its financial statements. Tilton Products uses the 200%-declining-balance method and the half-year convention. Depreciation expense in 2009 and 2010 will be $5,500 in 2009 and $9,625 in 2010 O $11000 in 2009 and $9,625 in 2010 $11,000 in 2009 and $8,250 in 2010. O $5,500 in 2009 and $11,000 in 2010
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