Units-of-production method of depreciation

Reference no: EM13152755

On January 10, 2007, Maxim Corporation acquired equipment for $124,000. The estimated life of the equipment is 3 years or 24,000 hours. The estimated residual value is $10,000. What is the depreciation for 2007, if Baldwin Corporation uses the asset 9,100 hours and uses the units-of-production method of depreciation?

a) $43,225

b) $47,017

c) $41,333

d) $38,000

Reference no: EM13152755

Questions Cloud

Probability of getting five-greater on exactly two of rolls : A fair, six-sided die is rolled 3 times. What is the probability of getting a 5 or greater on exactly two of the rolls? Example: According to the Facts 2006 webpage, 53% of UI students are men.

Why does the loop of henle have the long narrow shape : Why does the loop of henle have the long narrow shape? Some desert-adapted animals produce a very concentrated urine. How are their kidney different?

Explain the kinetic trace by bleaching food dye : after finding the kinetic trace by bleaching food dye and finding the concentration and then graphing.

Editing the essay : Write a paragraph about a musician you admire. Proofread it carefully and correct any errors. If you notice you make the same errors more than once, list them below the paragraph.

Units-of-production method of depreciation : What is the depreciation for 2007, if Baldwin Corporation uses the asset 9,100 hours and uses the units-of-production method of depreciation?

What score indicates that student has to retake exam : If a random student is chosen what is the probability that he or she scores less than 59? What score indicates that the student has to retake the exam?

Determine copper by mass : Copper can be drawn into thin wires. How many meters of 34 gaugewire (diameter = 6.304 10-3 in)can be produced from the copper in 8.05 lb of covellite

Orderings of population means according to tukey procedure : What is your decision about H0 and H1 at = 0:05? Give the orderings of the population means according to the tukey procedure. Is H0 : 2 = 4 a contrast?

Merchandising company income statement : In a merchandising company's income statement, which of the following would NOT be included in the Cost of Goods Sold calculation?

User Account

All Pages