Vaughn Corp. purchased machinery for $324,450 on May 1, 2017. It is estimated that it will have a useful life of 10 years, salvage value of $15,450, production of 247,200 units, and working hours of 25,000. During 2018, Vaughn Corp. uses the machinery for 2,650 hours, and the machinery produces 26,265 units.
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From the information given, compute the depreciation charge for 2018 under each of the following methods. (Round intermediate calculations to 2 decimal places, e.g. 5.25 and final answers to 0 decimal places, e.g. 45,892.)
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(a)Straight-line$
(b)Units-of-output$
(c)Working hours$
(d)Sum-of-the-years'-digits$
(e)Declining-balance (use 20% as the annual rate)
$
Answers
Status NEW
Posted 22 May 2017 09:05 AM
My Price 8.00
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