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-   -   Problem 8-5B (https://www.askmehelpdesk.com/showthread.php?t=571060)

  • Apr 17, 2011, 09:21 PM
    Camaro50
    problem 8-5B
    On January 2, Gillette Co. purchases and installs a new machine costing $36,000 with a five-year life and an estimated $33,000 salvage value. Management estimates the machine will produce 2,180,000 units of product during its life. Actual production of units is as follows: year 1: 425,000; year 2: 452,000; year 3: 445,000; year 4: 438,000; and year 5: 441,000. The total number of units produced by the end of year 5 exceeds the original estimate- this difference was not predicted.
    Prepare a schedule with the following column headings(year,straight line,Units of production,double declining balance) and compute depreciation for each year(and total all years combined) for the machine under each depreciation method.
  • Apr 20, 2011, 06:25 PM
    smoothy

    Read the rules...

    Read this first: Expectations for the Homework Help board
    Do not simply retype or paste a question from your book or study material

    We won't do your homework questions for you.
    You were given the assignment for you to learn.

    If you come up with your own answer and post it for us to critique that is within reason.

    If you have some SPECIFIC questions that you couldn't find or didn't understand, we may help with that.
    But this is your assignment, so show us you have at least attempted to complete it on your own.

    Thank you.
  • Apr 20, 2011, 10:29 PM
    Camaro50
    Comment on smoothy's post
    That's why I picked one similar to the one I had assigned to me, rather then someone doing it for me. But thanks for the tip
  • Apr 21, 2011, 05:05 AM
    smoothy

    What those rules mean is give it a try, show us what you have done in the thread... and where you get stuck. The experts will look at what you did, how you did it and help you with where your problem is.

    If someone simply handed you an answer... you still would not understand how to get it. And trust me... a lot of people just want handed an answer to their homework and don't care to learn how to get that answer. Not saying its you... but a LOT won't even attempt the work and get indignant about it.

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