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 5year 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
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