Machine and was depreciating it by the units-of-production

Assignment Help Financial Accounting

Reference no: EM13967584

A company paid $93,500 for a machine and was depreciating it by the units-of-production method. The machine was expected to produce a total of 159,000 units of product, and to have a residual value of $8,500. During the first two years of use, the machine produced 55,000 units. At the beginning of the machine's third year of life, its estimated lifetime production was revised from 159,000 to 120,000 units; its estimated residual value was unchanged. Calculate the amount of depreciation that should be charged during the third year of the machine's life if 25,000 units are produced that year.

Reference no: EM13967584

Questions Cloud

What is the angle of projection when it is at half its : The total speed of a projectile at the greatest height v1 is √6/7 of its total speed when it is at half its greatest height. What is the angle of projection?

Do you think investigator should specialize orbe generalists : Much is made of investigations/investigators on Hollywood shows like CSI and NCIS. Such shows are far removed from reality. Walk us through the roles and duties of an investigator. Do you think investigators should specialize or be generalists? Wh..

Maintenance department of rescue vehicles sales : Qiana is the only female employee in the maintenance department of Rescue Vehicles Sales & Service Inc. Qiana's supervisor and co-workers tease and play tricks on her so relentlessly that she feels compelled to quit.

Calculating the bond yield to maturity : The bond, which matures in five years, is currently selling for $1,022. What is the bond's yield to maturity?

Machine and was depreciating it by the units-of-production : Machine and was depreciating it by the units-of-production method. The machine was expected to produce a total of 159,000 units of product

The effect of global competition on the decisions : Create a 3 to 4-slide PowerPoint presentation in which you describe or explain how each of the following are or potentially will affect. General motor: The effect of global competition on the decisions made by management with regards to change in la..

Should the major decisions on pollution and climate change : Should the major decisions on pollution and climate change be made: By government experts? By scientific experts? By everyone? Amplify the support of your judgment with reference to at least three additional scholarly sources.

Considering the interests of all stakeholders in battle : When you consider Friedman's position on corporate responsibility in chapter 4, is it possible to defend DP's demand for lower hourly wages? Was DP's considering the interests of all stakeholders in this battle? Explain why or why not. how would seni..

How phase voltage at starting compare with phase voltage : If an induction motor is normally Δ -connected, it is possible to reduce its phase voltage VΦ (and hence its starting current) by simply re-connecting the stator windings in Y during starting, and then restoring the connections to Δ when..

User Account

All Pages