Depriciation 2010 and declining-balance 2010 ,2011

Category: Business & Finance

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                                                                            $

 

 

 

 

 

 

 

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00