Wynn furnace corp purchased machinery for 345000 on may 1

Reference no: EM13391437

Wynn Furnace Corp. purchased machinery for $345,000 on May 1, 2014. It is estimated that it will have a useful life of 10 years, scrap value of $45,000, production of 120,000 units, and working hours of 12,500. During 2015 Wynn uses the machinery for 2,000 hours, and the machinery produces 25,000 units.

Instructions

From the information given, compute the depreciation charge for 2015 under each of the following methods.

(Round to three decimal places).

(a) Straight-line.

(b) Units-of-output.

(d) Sum-of-the-years'-digits.

(e) Declining-balance. (Use 20% as the annual rate.)

Reference no: EM13391437

Questions Cloud

Briefly describe one 1 way the us financial markets impact : briefly describe one 1 way the u.s. financial markets impact the economy one 1 way the u.s. financial markets impact

Engrossed in the movie she ate enough glass to cause severe : jana dart a citizen of california was attending the premier showing of the movie titanic at the yoda four--po theatres

It may surprise you that there are cash flows associated : it may surprise you that there are cash flows associated with holding a job.nbsp using the examples provided in chapter

Most of the long-term care in the us is provided : 1nbsp most of the long-term care in the u.s. is provided bynbspa informal caregiversnbspb certified nursing

Wynn furnace corp purchased machinery for 345000 on may 1 : wynn furnace corp. purchased machinery for 345000 on may 1 2014. it is estimated that it will have a useful life of 10

Which economic system is best suited for handling the : prepare a two- to three-page paper in apa style sixth edition format that describes explains addresses and answers the

Find out three products advertised or sold over the : q1 find three products advertised or sold over the internet with senior citizens discounts what are they and how big

Foster corporation bought a new machine for its assembly : foster corporation purchased a new machine for its assembly process on august 1 2014. the cost of this machine was

Suppose your company needs to borrow 10 million for 3 : suppose your company needs to borrow 10 million for 3 months starting on september 2016. if your company wants to lock

User Account

All Pages