Sheffield Automotive purchased equipment on October 1, 2024, at a total cost of $176.000. The machine...
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Sheffield Automotive purchased equipment on October 1, 2024, at a total cost of $176.000. The machine has an estimated useful life of eight years or 100.000 hours, and an estimated residual value of $36,000. During 2024 and 2025, the machinery was used 6.000 and 14,400 hours, respectively. Calculate depreciation expense at December 31, 2024 and December 31, 2025, under the following depreciation methods: (Round answers to 0 decimal places, e.g. 5,275. and Round Depreciation cost per unit to 1 decimal places, e.g. 527.5) Straight-line depreciation Units of production depreciation $ Double diminishing-balance depreciation $ 2024 $ S 2025 Sheffield Automotive purchased equipment on October 1, 2024, at a total cost of $176.000. The machine has an estimated useful life of eight years or 100.000 hours, and an estimated residual value of $36,000. During 2024 and 2025, the machinery was used 6.000 and 14,400 hours, respectively. Calculate depreciation expense at December 31, 2024 and December 31, 2025, under the following depreciation methods: (Round answers to 0 decimal places, e.g. 5,275. and Round Depreciation cost per unit to 1 decimal places, e.g. 527.5) Straight-line depreciation Units of production depreciation $ Double diminishing-balance depreciation $ 2024 $ S 2025
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Related Book For
Intermediate accounting
ISBN: 978-0077647094
7th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date:
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