Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a machine that cost $256,000 has an estimated resi

A machine that cost $256,000 has an estimated residual value of $16.000 and an estimated...

50.1K

Verified Solution

Question

Accounting

A machine that cost $256,000 has an estimated residual value of $16.000 and an estimated useful life of 16.000 machine hours. The
company uses units-of-production depreciation and ran the machine 4,000 hours in year 1, 5,000 hours in year 2, and 4,000 hours in
year 3.
Calculate its book value at the end of ear 3. (Do not round intermediate calculations.)
image
A machine that cost $256,000 has an estimated residual value of $16,000 and an estimated useful life of 16,000 machine hours. The company uses units of production depreciation and ran the machine 4,000 hours in year 1,5,000 hours in year 2, and 4,000 hours in year 3. Calculate its book value at the end of year 3. (Do not round intermediate calculations.) Book Value

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

Physics
1.2K views

The spring of a toy gun has a force constant of k = 533 N/m and...

Psychology
1.2K views

Many college students study by simply repeating their notes over and over (rote rehearsal). Although this...

Finance
1.2K views

You would like to buy a house that costs $350,000. You have $50,000 in cash that...

Biology
1.2K views

Please write a short summary from a per citation about the bomby night frog and...

Geometry
1.2K views

36 In 2000 tuition and fees for an undergrad resident to attend the University of...

Geometry
1.2K views

12 Volume Find the volume of the prism 13in O 13in O 20in 36in 1in...

Calculus
1.2K views

arctan x 2 x x Please enter a complete math problem so we can solve...

Calculus
1.2K views

Evaluate the integral T 3 3 3 2 sin t i 3 4 cos t...

Accounting
1.2K views

Which of the following is not one of the overarching ethical principles of the Institute...

Accounting
1.2K views

Assume that as of December 31, 2016 Gen Motors uses the A/R aging schedule method...

Accounting
1.2K views

Required information [The following information applies fo the questions displayed below] The Shirt Shop had...

Accounting
1.2K views

AssetsCash $ 139,000 $ 131,000Accounts receivable 340,000 480,000Inventory 569,000 479,000Plant and equipment, net 782,000 780,000Investment...