Maurice Tutor

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    Argosy University/ Phoniex University/
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    Oct-2001 - Nov-2016

Category > Accounting Posted 01 Aug 2017 My Price 9.00

Reveille, Inc.

Reveille, Inc. purchased Machine #204 on April 1, 2007 and placed the machine into production on April 3, 2007. The following information is relevant to Machine #204:
Price ………………………………………………. $60,000
Freight-in costs ……………………………………… 2,500
Preparation and installation costs ……………………. 3,900
Labor costs during regular production operation …… 10,200
Credit terms ……………………………………… 2/10, n/30
Total productive output ……………………… 138,500 units
The company expects that the machine could be used for 10 years, after which the salvage value would be zero. However, Reveille, Inc. intends to use the machine only eight years, after which it expects to be able to sell it for $9,800. The invoice for Machine #204 was paid April 10, 2007. The number of units produced in 2007 and 2008 were 23,200 and 29,000, respectively. Reveille computes depreciation to the nearest whole month.

Required
Compute the depreciation for the years indicated, using the following methods (round your answer to the nearest dollar):
1. 2007: Units of production
2. 2008: Sum-of-the-years’-digits method

Answers

Maurice Tutor
(5)
Status NEW Posted 01 Aug 2017 03:08 PM My Price 9.00

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