A milling machine costing P500,000 has an estimated useful life of 5 years with a scarp value of P6,000. In addition, it also estimated that its useful life to be 104,000 units of production and the numbers of units produced each year is estimated as follows: 1st year - 24,400 units 2nd year - 23,000 units 19,800 units 3rd year 4th year 18,800 units 5th year 18,000 units Construct a depreciation schedule using the following depreciation methods: a) Straight-line method b) Product Units method c) Sum-of-Year's digit method d) Fixed-rate method/double declining balance method
A milling machine costing P500,000 has an estimated useful life of 5 years with a scarp value of P6,000. In addition, it also estimated that its useful life to be 104,000 units of production and the numbers of units produced each year is estimated as follows: 1st year - 24,400 units 2nd year - 23,000 units 19,800 units 3rd year 4th year 18,800 units 5th year 18,000 units Construct a depreciation schedule using the following depreciation methods: a) Straight-line method b) Product Units method c) Sum-of-Year's digit method d) Fixed-rate method/double declining balance method
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter12: Activity-based Management
Section: Chapter Questions
Problem 22E: The activity of moving materials uses four forklifts, each leased for 18,000 per year. A forklift is...
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