Computing service-hours depreciation

Assignment Help Accounting Basics

Reference no: EM13994531

Computing Service-Hours Depreciation

The company acquired a machine on January 1 at an original cost of $60,000. The machine's estimated residual value is $10,000, and its estimated life is 10,000 service hours. The actual usage of the machine was as follows: Year 1, 2,000 hours; Year 2, 5,000 hours; Year 3, 2,000 hours; Year 4, 1,000 hours. Compute (1) depreciation expense for each year of the machine's life and (2) book value at the end of each year of the machine's life.

Reference no: EM13994531

Questions Cloud

Manufacture of items that protect personal computers : Since its incorporation, Central has been involved in the manufacture of items that protect personal computers from static electricity. Unfortunately, this market is extremely competitive, and Central Corporation incurs substantial losses througho..

What is the current through the top loop : What is the equation which results when applying the loop rule to loop aedcba. What is the current through the top loop I2, in amps, if the current through the middle of the circuit is I1 = 0.63 A?

Plan of complete liquidation and makes following pro rata : X Co. adopts a plan of complete liquidation and makes the following pro rata distributions to its shareholders (assume all are individuals):

Which homegirls transgress gender and societal norms in sjhs : Discuss four main ways in which Homegirls transgress gender and societal norms in SJHS. What consequences do they suffer for these transgressions, and do you think these are justified or not

Computing service-hours depreciation : The company acquired a machine on January 1 at an original cost of $60,000. The machine's estimated residual value is $10,000, and its estimated life is 10,000 service hours.

Possibility of public choices : When does majority rule lead to the possibility of public choices that result in the outcome of an election being contingent on the order in which alternatives are presented to the electorate?

Service and manufacturing industries : Do you think transaction processing systems differ significantly between service and manufacturing industries? Are they equally important to both sectors?

Discuss any portrayed stereotypes : Discuss any portrayed stereotypes, how accurate these stereotypes are, and whether these stereotypes send a positive or negative message about that group

What is your opinion regarding another country : What is your opinion regarding another country requesting an investigation into events that have taken place in the United States? Do these types of requests further discrimination or help to expose it

User Account

All Pages