DAR NEXE Question 21 Vaughn Manufacturing purchased a machine on January 1, 2020 for use...
70.2K
Verified Solution
Question
Accounting
DAR NEXE Question 21 Vaughn Manufacturing purchased a machine on January 1, 2020 for use in its factory. Vaughn paid $597,000 for the machine and estimated that it had a useful life of 10 years, at the end of which time the machine was expected to have a residual value of $30,000. During its life, the machine was expected to produce 420,000 units. During 2020, the machine produced 44,600 units, and produced 67,800 in 2021. The machine was subject to a 20% CCA rate, and Vaughn's year-end was December 31. Calculate the annual depreciation amount for 2020 and 2021 under the straight-line method. 2020 2021 Annual depreciation amount $ Calculate the annual depreciation amount for 2020 and 2021 under the activity method. (Round per unit value to 2 decimal places e.g. 5.75 and final answers to 0 decimal places, e.g. 5,275.) 2020 2021 Annual depreciation amount $ $ Calculate the annual depreciation amount for 2020 and 2021 under the double-declining balance method. 2020 2021 Annual depreciation amount $ Calculate the annual depreciation amount for 2020 and 2021 under the capital cost allowance method. 2020 2021 Annual depreciation amount $ $
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.