A machine costing 257500 with a four-year life and an

Reference no: EM13566344

A machine costing $257,500 with a four-year life and an estimated $20,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 475,000 units of product during its life. It actually produces the following units: year 1, 220,000; year 2, 124,600; year 3, 121,800; and year 4, 15,200. The total number of units produced by the end of year 4 exceeds the original estimate-this difference was not predicted. (The machine must not be depreciated below its estimated salvage value.)
Required:
Compute depreciation for each year (and total depreciation of all years combined) for the machine under each depreciation method. (Round your per unit depreciation to 2 decimal places.)

Reference no: EM13566344

Questions Cloud

Prepare the current assets section of the balance sheet for : prepare the current assets section of the balance sheet for gehrig company assuming that in addition to the receivables

Consider a retail firm with a net profit margin of 35 a : consider a retail firm with a net profit margin of 3.5 a total asset turnover of 1.8 total assets of 44 million and a

Topaz company makes one product and has set the following : topaz company makes one product and has set the following standards for materials and labor direct materials direct

Explain briefly the dividend irrelevance theory that was : explain briefly the dividend irrelevance theory that was put forward by modigliani and miller. what were the key

A machine costing 257500 with a four-year life and an : a machine costing 257500 with a four-year life and an estimated 20000 salvage value is installed in luther companys

The current ratio of a company is 61 and its acid-test : a the current ratio of a company is 61 and its acid-test ratio is 11. if the inventories and prepaid items amount to

Find the amount that should be set aside today to yield the : find the amount that should be set aside today to yield the desired future amountfuture amount needed 14000interest

The unique cultural and political history of saudi arabia : research problemthe unique cultural and political history of saudi arabia has resulted in particular constraints on the

The reuschel company began 2013 with inventory of 10000 : the reuschel company began 2013 with inventory of 10000 units at a cost of 7 per unit. during 2013 50000 units were

User Account

All Pages