The Jefferson Co. purchased a machine on January 1, 201 The machine cost $595,000. It had...

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Accounting

The Jefferson Co. purchased a machine on January 1, 201 Themachine cost $595,000. It had an estimated life of ten years, or30,000 units, and an estimated residual value of $40,000. In 2016,Jeffries produced 3,000 units.

Required:

Compute the depreciation charge for 2016 using each of thefollowing methods:
a.
Double-declining-balance method
b.
Activity method (units of output)
c.
Sum-of-the-years'-digits method
d.
Straight-line method

I think I did this right, but want to make sure

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3.7 Ratings (323 Votes)

Computation of Depreciation expense for the year 2016 a Double Declining Balance Methods Double declining balance rate 100useful life2 100102 20 Depreciation expense See Answer

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a.	Double-declining-balance method
b.	Activity method (units of output)
c.	Sum-of-the-years'-digits method
d.	Straight-line method I think I did this right, but want to make sure