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What is the activity method for swifty corporation

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Swifty Corporation purchased a new machine for its assembly process on August 1, 2020. The cost of this machine was $125,100. The company estimated that the machine would have a salvage value of $17,100 at the end of its service life. Its life is estimated at 5 years, and its working hours are estimated at 20,000 hours. Year-end is December 31.

Problem 1: What is the Activity method for 2020, assuming that machine usage was 830 hours?

Reference no: EM132774634

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