Fontaine Ltd. acquired a machine for $600,000 on January 1, 2022. The machine has a salvage value of $10,000 and a five-year useful life. Fontaine expects the machine to run for 15,000 machine-hours. The machine was actually used for 4,800 hours in 2022 and 3,150 hours in 2023. What would be the balance in the accumulated depreciation account at December 31, 2023, if the straight-line method were used? a.$216,000 b.$236,000 c.$240,000 d.$250,000
Fontaine Ltd. acquired a machine for $600,000 on January 1, 2022. The machine has a salvage value of $10,000 and a five-year useful life. Fontaine expects the machine to run for 15,000 machine-hours. The machine was actually used for 4,800 hours in 2022 and 3,150 hours in 2023. What would be the balance in the accumulated depreciation account at December 31, 2023, if the straight-line method were used? a.$216,000 b.$236,000 c.$240,000 d.$250,000
Chapter10: Project Cash Flows And Risk
Section: Chapter Questions
Problem 4PROB
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4.
Fontaine Ltd. acquired a machine for $600,000 on January 1, 2022. The machine has a salvage value of $10,000 and a five-year useful life. Fontaine expects the machine to run for 15,000 machine-hours. The machine was actually used for 4,800 hours in 2022 and 3,150 hours in 2023. What would be the balance in the
a.$216,000
b.$236,000
c.$240,000
d.$250,000
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