Depreciation expense on the machine

Reference no: EM13141080

The cost of equipment purchased by Charleston, Inc., on June 1, 2010 is $89,000. It is estimated that the machine will have a $5,000 salvage value at the end of its service life. Its service life is estimated at 7 years; its total working hours are estimated at 42,000 and its total production is estimated at 525,000 units. During 2010 the machine was operated 6,000 hours and produced 55,000 units. During 2011 the machine was operated 5,500 hours and produced 48,000 units.

Compute depreciation expense on the machine for the year ending December 31, 2010, and the year ending December 31, 2011, using the following methods. (Round all answers to 0 decimal places, i.e. 10,510.)

Reference no: EM13141080

Questions Cloud

Discuss the provisions : With these important words in mind, discuss the provisions in the Corporations Act which provide remedies to members in circumstances where the controllers (be they majority shareholders and/or directors) of a company act oppressively or unfairly tow..

Accounting for pensions under us and japanese standards : Discount rate Expected rate of return 2.5% 2.8% Thousands of U.S. Instructions Use the information on Kyowa to respond to the following requirements. (a) What are the key differences in accounting for pensions under U.S. And Japanese standards?

Explain verify that the expressions obtained : Use the Z-transform of u[n] and properties of the Z-transform to find X(z). Verify that the expressions obtained above for X(z) are identical.

Acrostic poem for communism : acrostic poem for communism

Depreciation expense on the machine : Compute depreciation expense on the machine for the year ending December 31, 2010, and the year ending December 31, 2011, using the following methods. (Round all answers to 0 decimal places, i.e. 10,510.)

What is a daily example of the law of non contradiction? : what is a daily example of the law of non contradiction?

Management have called a meeting : Management have called a meeting of you and three of your colleagues, and during the meeting have discussed the effects of the legal need of public listed corporations to conform to the Australian Financial Reporting Standards

What are the possible outcomes of using morphology : What are the possible outcomes of using morphology and protein structure?( will the caldograms contain same organization or different?)

Identify and explain major forms of reciprocity : Identify and explain major forms of reciprocity found in both foraging and horizontal societys

User Account

All Pages