Case study of cherokee company

Assignment Help Accounting Basics

Reference no: EM13259670

Cherokee Company acquired a machine on January 1, 2009, that cost $2,700 and had an estimated residual value of $200. Complete the following schedule using the three methods of depreciation: A. straight-line, B. units-of-production, C. 150% declining-balance.

Method Estimated Useful Life Depreciation Accumulated

Expense for 2010 Depreciation

12/31/2010

A.SL 5years

B.UOP 10,000 units

1,000 units (2009's actual)

1,200 units (2010's actual)

C.DB 5years

Reference no: EM13259670

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