User Account

All Pages

Compute depreciation for each year

Assignment Help Financial Accounting
Reference no: EM131794477

A machine costing $212,800 with a four-year life and an estimated $16,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 492,000 units of product during its life. It actually produces the following units: year 1, 121,600; year 2, 124,000; year 3, 120,100; and year 4, 136,300. The total number of units produced by the end of year 4 exceeds the original estimate-this difference was not predicted. (The machine must not be depreciated below its estimated salvage value.)

Required:
Compute depreciation for each year (and total depreciation of all years combined) for the machine under each depreciation method. (Round your per unit depreciation to 2 decimal places.)

Straight Line Depreciation:
Year 1: ?
Year 2: ?
Year 3: ?
Year 4: ?

Units of production
Depreciable Units Depreciation per Unit Depreciation Expense
Year 1 ? ? ?
Year 2 ? ? ?
Year 3 ? ? ?
Year 4 ? ? ?

Reference no: EM131794477

Questions Cloud

Crocs initially had difficult negotiations with suppliers : Crocs initially had difficult negotiations with suppliers, due to the unproven demand for its product.
Give the indices of the elements of critter in the order : Give the indices of the elements of critter in the order that the components are examined during a binary search for Eel.
What is the cycle time in days : What is the cycle time in days and approximately how many runs should be done each year?
Compute sales revenue and gross profit for hair world : Compute Sales Revenue, Net Sales, and Gross Profit for Hair World. Prepare journal entries to record transactions (a)-(e).
Compute depreciation for each year : Compute depreciation for each year (and total depreciation of all years combined) for the machine under each depreciation method.
Compute the change in the annual depreciation expense : Calculate the annual depreciation allowances for both machines and compute the change in the annual depreciation expense if the replacement is made.
Success related to their past and future lobbying efforts : An assessment of the group's relative success related to their past and future lobbying efforts.
Write two different definitions of organisational change : Identify the two, different, theoretical perspectives (ontologies or world-views) used in this subject, write two different definitions of organisational change
What exactly does peter houghtons memo say : What is meant by "analysts' independence"? When and how might analysts' independence be compromised? What pressures do analysts face that might reduce

Reviews

Write a Review

Financial Accounting Questions & Answers

  Describe advantages and disadvantages of organizing

Describe advantages and disadvantages of organizing your scuba diving school as a: 1. Sole proprietorship 2. Corporation, and give your opinion about which form of organization would be best.

  Determine the amount of the unadjusted cash balance

Balance per the bank on May 31, $11,940. 2. Deposits in transit not recorded by the bank, $1,920. 3. Bank error; check written by Best Beauty Supply was charged to Pro Beauty Supply’s account, $650. Determine the amount of the unadjusted cash balance..

  How much will she have to spend on her vacation

Assuming that Jane has $8,000 to invest today in an account expected to earn 6% per annum, how much will she have to spend on her vacation?

  Calculate the initial effect of this lease on debt ratio

ABC Corporation’s balance sheet shows assets of $10,000,000, liabilities of $5,500,000, and equity of $4,500,000. ABC enters into a capital lease for certain equipment. On the date of signing, the present value of the lease payments is $700,000. Calc..

  The debit and credit column totals are equal

On a trial balance, if the Debit and Credit column totals are equal, then:

  Income statement and the cash flow from operating activities

The premium will be amortized using the straight-line method. Based on this information, the amount of interest expense shown on the 2014 income statement and the cash flow from operating activities shown on the 2014 statement of cash flows would be.

  Question 1prior to adjustment at the end of the year the

question 1prior to adjustment at the end of the year the balance in trucks is 225900 and the balance is accumulated

  Calculation of good willtotal shareholders equity of

calculation of good will.total shareholders equity of little330000investment made by big80book value of

  Significant events relating to the grant

Grants are not necessarily recognized as revenue when they are awarded. Columbus City was awarded a state reimbursement grant of $150,000 to assist its adult literacy program. The following were significant events relating to the grant: a. The city, ..

  Prepare a memo to your subordinate using a program like word

Calculate all materials and labor variances in a spreadsheet by using a program like Excel. Be sure to include price, quantity, wage rate, and labor efficiency variances. Prepare memo to your subordinate, using a program like Word.

  Advantage of raising funds by issuing bonds

Explain whether each of the above expenditures should be recorded as an operating expense or an intangible asset. If you view the expenditure as an intangible asset, indicate the number of years over which the asset should be amortized, if any. Ex..

  Evaluate the inventory section of two companies

Evaluate the inventory section of two companies using basic comparative analysis and to interpret data to gain insight about the company's inventory management.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd