Financial Accounting: E9-5 Hinshaw Company purchased a new machine

Financial AccountingE9-5
Hinshaw Company purchased a new machine on October 1, 2014, at a cost of $94,330. The company estimated that the machine has a salvage value of $8,770. The machine is expected to be used for 65,600 working hours during its 8-year life.
 
Compute depreciation using the following methods in the year indicated.
a) Declining-balance using double the straight-line rate for 2014 and 2015.
b) Calculate the depreciation cost per hour.
c) Units-of-activity for 2014, assuming machine usage was 4,400 hours.
 
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