The following information pertains to a machine purchased by Bakersfield Company on January 1, Year 1:...
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The following information pertains to a machine purchased by Bakersfield Company on January 1, Year 1: Purchase price Delivery cost Installation charge Estimated useful life Estimated units the machine will produce Estimated salvage value $ 80,000 3,300 $ $ 4,700 a. Straight-line. b. Double-declining-balance. c. Units-of-production. 5 years. 166,600 $ 4,700 The machine produced 16,100 units during Year 1 and 18,700 units during Year 2. Required Determine the depreciation expense Bakersfield would report for Year 1 and Year 2 using each of the following methods: The following information pertains to a machine purchased by Bakersfield Company on January 1, Year 1: Purchase price Delivery cost Installation charge Estimated useful life Estimated units the machine will produce Estimated salvage value $ 80,000 3,300 $ $ 4,700 a. Straight-line. b. Double-declining-balance. c. Units-of-production. 5 years. 166,600 $ 4,700 The machine produced 16,100 units during Year 1 and 18,700 units during Year 2. Required Determine the depreciation expense Bakersfield would report for Year 1 and Year 2 using each of the following methods:
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a Straightline method Depreciation expense per year Purchase price Estimated ... View the full answer
Related Book For
Intermediate Accounting Reporting and Analysis
ISBN: 978-1285453828
2nd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Posted Date:
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