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Business, 19.04.2021 15:30, cheyannehatton
Waterway Corp. purchased machinery for $315,600 on May 1, 2020. It is estimated that it will have a useful life of 10 years, salvage value of $18,600, production of 237,600 units, and working hours of 25,000. During 2021, Waterway Corp. uses the machinery for 2,650 hours, and the machinery produces 30,300 units. From the information given, compute the depreciation charge for 2021 under each of the following methods.
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).
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Answers: 2
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Waterway Corp. purchased machinery for $315,600 on May 1, 2020. It is estimated that it will have a...
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