Posted by **Dan** on Saturday, August 25, 2012 at 4:02pm.

A company purchased a machine on January 1 of the current year for $750,000. Calculate the annual depreciation expense for each year of the machine's life (estimated at 5 years or 20,000 hours, with a salvage value of $75,000). During the machine's 5-year life its hourly usage was: 3,000; 4,000; 5,000; 5,000; and 3,000 hours.

- accounting -
**1**, Friday, July 24, 2015 at 6:12am
A company purchased a machine on Jan 1 of the current year of $750

Calculate the annual depreciation expense for each year of the machine's life

(estimated at 5 years or 20,000 hours, with a residual value of $750000) During the machine's 5 years life its hourly usage was : 5000 : 3000 : 4000 : 2000 and 6000 hours

## Answer This Question

## Related Questions

- accounting - 1-On May 1, 2012, Pinkley Company sells office furniture for $150,...
- math - using problem 17-21 calculate the first 2 years depreciation assuming the...
- math - using problem 17-21 calculate the first 2 years depreciation assuming the...
- accounting - A company purchased and installed a machine on January 1 at a total...
- acounting - A company purchased and installed a machine on January 1 at a total ...
- Accounting - On January 1, 2006, Mythical purchased some office equipment, ...
- financial accounting - eckman company purchased equipment for $80,000 on ...
- accounting - On January 1, 2004, Carnival Shipping bought a machine for $1,500,...
- Accounts - The following details relates to the two machines X and Y: Machine X ...
- accounting - How do i calculate this problem. An asset was purchased for $150,...

More Related Questions