Help finding Depreciation expense.?

Rottino Company purchased a new machine on October 1, 2017, at a cost of $116,000. The company estimated that the machine will have a salvage value of $11,000. The machine is expected to be used for 10,000 working hours during its 4-year life.
Compute the depreciation expense under straight-line method for

Rottino Company purchased a new machine on October 1, 2017, at a cost of $116,000. The company estimated that the machine will have a salvage value of $11,000. The machine is expected to be used for 10,000 working hours during its 4-year life.
Compute the depreciation expense under straight-line method for 2017
2017
Depreciation expense = _______________
Compute the depreciation expense under units-of-activity for 2017, assuming machine usage was 1,670 hours.
2017
Depreciation expense = _______________
Compute the depreciation expense under declining-balance using double the straight-line rate for 2017 and 2018.
Depreciation expense
2017= _______________ 2018 = _______________

Other answer:

Jon Wayne:
Finding Depreciation Expense
michael:
Straight line depreciation = (Cost – Salvage value) / Useful life
Straight line depreciation = (116000 – 11000) / 4 = 25250

Units of activity depreciation = (116000 = 11000) / 10000 = 10.5 per hour
Units of activity depreciation = 10.5 x 1670 = 17535

Straight line rate = 1/4 = 25%
Double declining rate = 50%
2017 Depreciation = 116000 x 50% = 58000
NBV = 116000-58000 = 58000
2018 Depreciation = 58000 x 50% = 29000

warner:
I like short, trimmed nails more than I like long nails. The only time I like seeing long nails is if they're painted, simply because I think they look disgusting with no. They look like long claws to be able to me.
Devin:
1
Share

Leave a Reply

Your email address will not be published. Required fields are marked *