Reference no: EM13866305
Reveille, Inc., purchased Machine #204 on April 1, 2010, and placed the machine into production on April 3, 2010. The following information is relevant to Machine #204:
Price ..................... $60,000
Freight-in costs ................ 2,500
Preparation and installation costs ......... 3,900
Labor costs during regular production operation ... 10,200
Credit terms ................. 2/10, n/30Total productive output ............138,500
units The company expects that the machine could be used for 10 years, after which the salvage value would be zero. However, Reveille, Inc., intends to use the machine only eight years, after which it expects to be able to sell it for $9,800. The invoice for Machine #204 was paid April 10, 2010. The number of units produced in 2010 and 2011 were 23,200 and 29,000, respectively.
Reveille computes depreciation to the nearest whole month.
Required:
Compute the depreciation for the years indicated, using the following methods (round your answer to the nearest dollar):1. 2010: Units of production2. 2011: Sum-of-the-years'-digits method (Contributed by Norma C. Powell)
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The company expects that the machine could be used
: Reveille, Inc., purchased Machine #204 on April 1, 2010, and placed the machine into production on April 3, 2010. The following information is relevant to Machine #204:
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