Star Inc. purchased a machine on January 1, 2021, at a total cost of $500,000. The...
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Star Inc. purchased a machine on January 1, 2021, at a total cost of $500,000. The machine has an estimated useful life of 5 years or 900,000 units of output and a salvage value of $50,000. What is the book value of the machine on Dec 31, 2022 (after 2 years) according to the Units of Activity Method. Assume actual activity in terms of units of output was: 2021-50,000o units and 2022-80,000 units. 450,000 O 475,000 400,000 435,000 Star Inc. purchased a machine on January 1, 2021, at a total cost of $500,000. The machine has an estimated useful life of 5 years or 900,000 units of output and a salvage value of $50,000. What is the book value of the machine on Dec 31, 2022 (after 2 years) according to the Units of Activity Method. Assume actual activity in terms of units of output was: 2021-50,000o units and 2022-80,000 units. 450,000 O 475,000 400,000 435,000
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Given Cost of machine 500 000 use ful eife 5 years or 900000 units of ourput Unit of Out put ... View the full answer
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