Problema machine with a cost of 65000 has an estimated, Ask an Expert

Accounting

Problem:

A machine with a cost of $ 65,000 has an estimated residual value of $ 5,000 and an estimated life of 5 years or 15,000 hours. If it is to be depreciated by the units-of-production method,

Required:

Question: What is the amount of depreciation for the second full year, during which the machine was used 5,000 hours?

A. $ 8,000

B. $ 20,000

C. $ 12,000

D. $ 21,667

Note: Please show the work not just the answer.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91164010

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