Dr Nick

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    Kaplan University
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Category > Accounting Posted 13 Sep 2017 My Price 15.00

Calculating Depreciation: Canseco Plumbing Fixtures

 

On January 1, 2016, Canseco Plumbing Fixtures purchased equipment for $38,000. Residual value at the end of an estimated four-year service life is expected to be $2,000. The company expects the machine to operate for 10,000 hours. The machine operated for 2,600 and 3,400 hours in 2016 and 2017, respectively.

a.Calculate depreciation expense for 2016 and 2017 using straight line method.

b.Calculate depreciation expense for 2016 and 2017 using sum-of-the-years'-digits method.

c.Calculate depreciation expense for 2016 and 2017 using double-declining balance method.

d.Calculate depreciation expense for 2016 and 2017 using units-of-production method (using machine hours). (Round "Depreciation per machine hour" answers to 2 decimal places.)

Answers

Dr Nick
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Status NEW Posted 13 Sep 2017 05:09 PM My Price 15.00

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