A machine with a cost of $64,845.00 has an estimated residual value of $4,663.00 and an...

Question

Question

A machine with a cost of $64,845.00 has an estimated residual value of $4,663.00 and an estimated life of 7 years or 19,813 h

business accounting

Answer 1

Answer #1

Answer:

Option 1st is correct. i.e $13,334.63.

2) A machine with a cost of $64,845.00 has an estimated residual value of $4,663.00 and an estimated life of 7 years or 19,813. hours. It is to be depreciated
by the units-of-production method.The amount of depreciation for the second full year, during which the machine was used 4,390 hours will be calculated
as under :	($ 64,845 - $ 4,663) / 19,813 X 4390 =	13,334.63

Answer 2

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