Depriciation 2010 and Declining-balance 2010 ,2011 - 29673

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Request Description

Kelm Company purchased a new machine on October 1, 2010, at a cost of $120,000.The company estimated that the machine will have a salvage value of $12,000. The machine is expected to be used for 10,000 working hours during its 5-year life.

Instructions

Compute the depreciation expense under the following methods for the year indicated. 

Straight-line for 2010.

Units-of-activity for 2010, assuming machine usage was 1,700 hours. (Round unit price per hour to 2 decimal places, e.g. 10.50.)

$

 

Declining-balance using double the straight-line rate for 2010 and 2011.

2010

$

2011

$

 

 

 

 

 


Solution Description

Depriciati

Attachments
Depriciation 2010 and Declining-balance  2010 ,2011.docx
Depriciation 20...