Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 16. a machine with a cost of $480,000 has an estim

16. A machine with a cost of $480,000 has an estimated salvage value of S30,000...

80.2K

Verified Solution

Question

Accounting

image

16. A machine with a cost of $480,000 has an estimated salvage value of S30,000 and an estimated useful life of 5 years or 15,000 hours. It is to be depreciated using the units- of-activity method of depreciation. What is the amount of depreciation for the second full year, during which the machine was used 5,000 hours? a. $150,000. b. $90,000. c. $130,000 d. $160,000

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!
Become a Member

Other questions asked by students

Accounting
1.2K views

Jimmie’s Fishing Hole has the following transactions related toits top-selling Shimano fishing reel for...

Basic Math
1.2K views

For the following situations, please write out null and alternative hypotheses. a. Assuming m = 100, do...

Operations Management
1.2K views

How does e-collaboration tools brings productivity and success to organizations? Mention some organizations using these tools and...

Operations Management
1.2K views

A channel of distribution is the way marketers use to deliver products to consumers; List the...

Biology
1.2K views

The diagram depicts the molecular structure of DNA Label the diagram with the names of...

Physics
1.2K views

The seesaw in the figure below is in equilibrium Assume that the seesaw is uniform...

Basic Math
1.2K views

1 Latex DNA and cellulose are all examples of O A natural monomers OB natural...

Statistics
1.2K views

Choose the correct answer below OA They are equivalent through algebraic manipulation OB The values...

Algebra
1.2K views

Write interval notation for the given graph 4 10 9 Choose the correct interval OA...

Accounting
1.2K views

Use ratios to analyze a company's liquidity and solvency. 1 Condensed financial statements for Games...

Accounting
1.2K views

I do not need explication, I just need A,B,C or D answer. Thank you!! 1....

Finance
1.2K views

. A bond pays a coupon of $120. If the market interest rate is 10%,...