berniek1974
Jul 23, 2013, 11:41 AM
On January 2, 2009, Vanowen Company purchased a machine for $80,000. The machine has an eight-year estimated useful life and an $8,000 estimated residual value. In addition, the company expects to use the machine 200,000 hours. Assuming that the machine was used 35,000 hours during 2010, complete the following chart. If a figure cannot be determined, indicate so by placing an X in the box. (Show your work.)
Method Depreciation Expense for 2010 Carrying Value at 12/31/10
Straight-line
Production
Double-declining-balance
Method Depreciation Expense for 2010 Carrying Value at 12/31/10
Straight-line
Production
Double-declining-balance