Problema machine with a cost of 7787400 has an estimated, Ask an Expert

Finance

Problem:

A machine with a cost of $77,874.00 has an estimated residual value of $4,295.00 and an estimated life of 3 years or 18,120 hours. It is to be depreciated by the units-of-production method. What is the amount of depreciation for the second full year, during which the machine was used 3,266 hours?

Select the correct answer.

$49,052.67
$14,036.23
$24,526.33
$13,262.09

Note: Provide support for your rationale.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91163642

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