Wickland Company installs a manufacturing machine in its production facility at the beginning of the year...
Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $136,000. The machine's useful life is estimated to be 10 years, or 120,000 units of product, with a $4,000 salvage value. During its second year, the machine produces 9,600 units of product. Determine the machines' second year depreciation under the units-of-production method. (Do not round intermediate calculations.)
Multiple Choice
$10,880.
$14,000.
$13,200.
$13,600.
$10,560.
Homework Answers
Annual depreciation=(Cost-Salvage value)/Useful Life
=(136,000-4,000)/120,000=$1.1 per unit
Hence second year depreciation=$1.1 per unit*9600
=$10560.
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