Requlred Informatlon Use the following information for the Exercises below. [The following information applies to the questions displayed below.] Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $85.400. The machine's useful life is estimated at 20 years, or 402,000 units of product, with a $5,000 salvage value. During its second year, the machine produces 34,200 units of product. Exercise 8-5 Units-of-production depreclatlon LO P1 Determine the machine's second-year depreciation using the units-of-production method. Answer is complete but not entirely correct. Units-of-production Depreciation Choose Numerator: Choose Denominator: Annual Depreciation Expense %3D Cost minus salvage Total units of production Depreciation expense per unit 85.400 8/ 30 X= IS 2,846.67 Annual Production (units) Year Depreciation Expense 2 34,200 O 6,840 O
Requlred Informatlon Use the following information for the Exercises below. [The following information applies to the questions displayed below.] Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $85.400. The machine's useful life is estimated at 20 years, or 402,000 units of product, with a $5,000 salvage value. During its second year, the machine produces 34,200 units of product. Exercise 8-5 Units-of-production depreclatlon LO P1 Determine the machine's second-year depreciation using the units-of-production method. Answer is complete but not entirely correct. Units-of-production Depreciation Choose Numerator: Choose Denominator: Annual Depreciation Expense %3D Cost minus salvage Total units of production Depreciation expense per unit 85.400 8/ 30 X= IS 2,846.67 Annual Production (units) Year Depreciation Expense 2 34,200 O 6,840 O
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter10: Long-lived Tangible And Intangible Assets
Section: Chapter Questions
Problem 29P
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