Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. compating three depreciation methods dexter indust

Compating Three Depreciation Methods Dexter industries purchased packng ng equ pment on January 8 for...

80.2K

Verified Solution

Question

Accounting

image
Compating Three Depreciation Methods Dexter industries purchased packng ng equ pment on January 8 for $467,000. The ecuioment was expected to have a useful life of four years, or 6,800 operating hours, and a residua value of 336,600 . The equipment was used for 2,390 hours during Year 1, 1,426 hours in Year 2,1,904 hours in Year 3 , and 1,086 hours in Year 4 . Renuired: 1. Determine the amount of deprecation expense for the four years ending December 31 by (a) the straight-line miethod, (b) the units-of-octevity method, and (c) the doubiedecining-baiance method. Also determine the total deprecation expense for the four years by each method. Round the answer for each year to the nearest whole dollar. 2. What nethod sidide the bicheot deoreciation expense for Year I? 3. Wist method viede the moet depreadtion orer the four-vean ite of the equoment

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

Psychology
1.2K views

Please give a movie review of any movie. The movie can be any ENGLISH speaking movie...

Physics
1.2K views

by the equation A reflecting sur x y a A ray travelling in negative x...

Statistics
1.2K views

For each question below please select the sampling method that most closely matches the description...

Statistics
1.2K views

Two swimmers Angie and Beth from different teams wanted to find out who had the...

Calculus
1.2K views

Minimize z 4x 3y 4y 5x 2y x 2 Subject to 2y 2x x Minimum...

Algebra
1.2K views

Find the solution of XY 6 and 3X 2Y 12 Select one O a 3...

Accounting
1.2K views

Parent owns 70% of Subsidiary Bob. Last year, Subsidiary Bob sold inventory costing 90,000 for...

Accounting
1.2K views

i just need help on the sales mix and target profit sections

Accounting
1.2K views

Connect Saved Help Sa Accepting a special arder will improve overall net operating income if...

Accounting
1.2K views

i want answer in 30 mins and correct answer thanks for your help ...

Accounting
1.2K views

The Importance of Corporate Governance from managerial accounting perspective [CG] and Corporate Social Responsibility initiatives...

Accounting
1.2K views

Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are as follows:...