On january 1 a machine costing 260000 with a 4-year life

Reference no: EM13589585

On January 1, a machine costing $260,000 with a 4-year life and an estimated $5,000 salvage value was purchased. It was also estimated that the machine would produce 500,000 units during its life. The actual units produced during its first year of operation were 110,000. Determine the amount of depreciation expense for the first year under each of the following assumptions:

1. The company uses the straight-line method of depreciation.
2. The company uses the units-of-production method of depreciation.
3. The company uses the double-declining-balance method of depreciation.

Reference no: EM13589585

Questions Cloud

A construction company entered into a fixed-price contract : a construction company entered into a fixed-price contract to build an office building for 18 million. construction

Ntrogen and hydrogen gases react to form ammonia gas n2g : question nitrogen and hydrogen gases react to form ammonia gas. n2g 3 h2g 2 nh3g at a certain temperature and pressure

Find a short news or online article that has been recently : find a short news or online article that has been recently published within the current month that addresses

Equipment which originally cost 2500 and has a book value : 1.equipment which originally cost 2500 and has a book value of 1500 is sold for 1800 on december 31 2009. where is the

On january 1 a machine costing 260000 with a 4-year life : on january 1 a machine costing 260000 with a 4-year life and an estimated 5000 salvage value was purchased. it was also

What is the lewis structure of the covalent compound that : what is the lewis structure of the covalent compound that contains one nitrogen atom one hydrogen atom and one carbon

Merchandise with a selling price of 42000 remained : banana corp. lost most of its inventory in a fire in december just before the year-end physical inventory was taken.

Write the molecular equation ionic equation net ionic : write the molecular equation ionic equation net ionic equation and indicate the spectator ions for the precipitation

Bob and carl transfer property to stone corporation for 90 : bob and carl transfer property to stone corporation for 90 and 10 of stone stock respectively. pursuant to a biding

User Account

All Pages