On June 30, 2019, Sherry purchased a leather cutting machine that has an expected capacity...
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Accounting
On June 30, 2019, Sherry purchased a leather cutting machine that has an expected capacity of 300,000 units and no residual value. The cost of the machine was $450,000 and is to be depreciated using the units-of-production method. During the six months of 2019, 24,000 units of product were produced. At the beginning of 2020, engineers estimated that the machine can realistically be used to produce only another 230,000 units. During 2020, 70,000 units were produced.
Sherry would report depreciation in 2021 of:
a) $126,000
b) $135,230
c) $105,000
d) $108,000
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