Sunland Corp. purchased machinery for $313,950 on May 1, 2025. It is estimated that it will have a useful life of 10 years, salvagevalue of $16,950, production of 237,600 units, and working hours of 25,000. During 2026, Sunland Corp. uses the machineryfor 2,650 hours, and the machinery produces 28,800 units.From the information given, compute the depreciation charge for 2026 under each of the following methods. (Round intermediatecalculations to 2 decimal places, e.g. 5.25 and final answers to O decimal places, e.g. 45,892.)(a) Straight-line(b) Units-of-output(c) Working hours(d)Sum-of-the-years'-digits(e) Declining-balance (use 20% as the annual rate)$LA$LA$LA$$LA29700360003148221240241336

Answer : (a) straight line : straight line = (313,950 - 16,950) / 10 straight line = $29,700 b.…

Answered: mpute the depreciation charge for 2026…

Business

Accounting

mpute the depreciation charge for 2026 under e.g. 5.25 and final answers to O decimal places, e.g $ LA $

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter11: Depreciation, Depletion, Impairment, And Disposal

Section: Chapter Questions

Problem 8P: Kam Company purchased a machine on January 2, 2019, for 20,000. The machine had an expected life of...

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Question

Sunland Corp. purchased machinery for $313,950 on May 1, 2025. It is estimated that it will have a useful life of 10 years, salvage
value of $16,950, production of 237,600 units, and working hours of 25,000. During 2026, Sunland Corp. uses the machinery
for 2,650 hours, and the machinery produces 28,800 units.
From the information given, compute the depreciation charge for 2026 under each of the following methods. (Round intermediate
calculations to 2 decimal places, e.g. 5.25 and final answers to O decimal places, e.g. 45,892.)
(a) Straight-line
(b) Units-of-output
(c) Working hours
(d)
Sum-of-the-years'-digits
(e) Declining-balance (use 20% as the annual rate)
$
LA
$
LA
$
LA
$
$
LA
29700
36000
31482
21240
241336

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