Determine the amount of depreciation expense

Reference no: EM13762426

Lowell Company purchased equipment on January 1, 2006 for $300,000. The equipment was expected to have a useful life of 5 years, or 12,000 hours and a salvage value of $60,000. The equipment was used for 1,975 hours during 2006, 2,875 hours during 2007, 2,600 hours during 2008, 2,975 hours during 2009, and 1,575 hours during 2010. Determine the amount of depreciation expense for the years ended December 31, 2006, 2007, 2008, 2009 and 2010 by the following methods:

Reference no: EM13762426

Questions Cloud

What was hopewell culture and how did it differ from adena : What is the importance of having a reasonably accurate demographic analysis of pre-Columbian populations and how does it affect the way the America's were settled?

Calculate the correct balance of cash : Calculate the correct balance of cash at the end of March.

Mobility-cdma and gsm : discuss a minimum of three mobile web applications that are familiar or that you used regularly.

Describe the issues that were important in the 2004 : Describe the issues that were important in the 2004, 2008 and 2012 elections, but analyze whether or not there were differences in the way that the candidates campaigned and in the American electorate.

Determine the amount of depreciation expense : Determine the amount of depreciation expense for the years ended December 31, 2006, 2007, 2008, 2009 and 2010 by the following methods:

Write a paper on romeo and juliet : Write a paper on Romeo and Juliet starring Leonardo Diacprio and Claire Danes or the recent version of 'The Tempest' starring Helen Mirren in the traditional male role of Prospero.

Reporting of the securities and exchange commission : Understand the reporting of the Securities and Exchange Commission (SEC) and Sarbanes-Oxley requirements for publically traded companies.

Deck of cards programming class : Write a complete program using "ECLIPS" that implements the functionality of a deck of cards. In writing your program, use the provided DeckDriver and Card classes shown below. Write your own Deck class so that it works in conjunction with the two..

Create a detailed erd using the entities and attributes : Create a detailed ERD using the Entities and Attributes for Driver's Log document found on the Huffman Trucking Intranet site. Use Microsoft® Access® to create the preliminary

User Account

All Pages