1) On January 1, 2019, SBA Inc purchased a machine for $185,000. The machine's estimated...
60.1K
Verified Solution
Link Copied!
Question
Accounting
1) On January 1, 2019, SBA Inc purchased a machine for $185,000. The machine's estimated life is six years, and its salvage value is $35,000. This machine has a production capacity of 12,000 units allocated as follows: 2019: 1900 units 2020: 2400 units | 2021: 2200 units | 2022 3100 units 2023: 1300 | 2024: 1100 What's the amount of accumulated depreciation until 2022 using the straight-line method? 2) On January 1, 2019, SBA Inc purchased a machine for $185,000. The machine's estimated life is six years, and its salvage value is $35,000. This machine has a production capacity of 12,000 units allocated as follows: 2019: 1900 units 2020:2400 units | 2021: 2200 units | 2022 3100 units | 2023: 1300 | 2024: 1100 What's the amount of the depreciation expense of 2023 using the Double Declining Balance method? 3) On January 1, 2019, SBA Inc. purchased a machine for $185,000. The machine's estimated life is six years, and its salvage value is $35,000. This machine has a production capacity of 12,000 units allocated as follows: 2019: 1900 units 2020: 2400 units | 2021: 2200 units 2022 3100 units 2023: 1300 | 2024: 1100 What's the amount of the Book-value beginning 2023 using the units-of-production method
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
