Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. oriole corp. purchased machinery for $146000 on ju

Oriole Corp. purchased machinery for $146000 on June 30,2023. It is estimated that it has...

50.1K

Verified Solution

Question

Accounting

Oriole Corp. purchased machinery for $146000 on June 30,2023. It is estimated that it has a useful life of 8 years, a residual value of $19900, and total production of 219000 units. During 2023, this machinery produced 22800 units. The Corporation has a December 31 year end. Using the double-declining-balance method, the 2023 depreciation expense will be
$22638.
$19900.
$18250.
$19732.
image

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

Statistics
1.2K views

As a systems analyst you are leading a project to identify improvements for the current R-ADT...

Physics
1.2K views

3. The atmosphere is in constant motion. Why? What is the general pattern of airflow? Explain...

Physics
1.2K views

7 A 3 00 nC charge is at the origin A 2 50 nC charge...

Physics
1.2K views

20 Four equal charges q each are placed at four corners of a square of...

Geometry
1.2K views

The Fourier Transform of the signal in the figure is A x t 4 2...

Basic Math
1.2K views

Here is Lucy s credit card statement for Date May 1 May 8 May 11...

Basic Math
1.2K views

QUESTION 1 A term deposit of 10 months at 4 per year paid 82 simple...

Algebra
1.2K views

Let Z={1,2,3,4}. Let A be the following group of permutations on Z,{(1), (23),(24),(34),(234),(243)}Prove that the...

Algebra
1.2K views

AWKT ANRP What is PR Enter your answer as a decimal in the box in...

Accounting
1.2K views

eBookShow Me How Question Content Area Periodic inventory using FIFO, LIFO, and weighted...

Accounting
1.2K views

How would you find the break even point and build a break even chart with...

Accounting
1.2K views

El punto de equilibrio en la grfica de costo-volumen-beneficio es donde ________. Seleccione uno:...