Year Utilization (hr/yr) Year Utilization (hr/yr) 1 6000 800 2 4000 800 3 4000 7 2200 816 4 1600 8 2200 At the end of the job, it is estimated that the equipment can be sold at auction for $60,000. (a) Compute the straight-line depreciation schedule. (b) Compute the unit-of-production depreciation schedule.

Year Utilization (hr/yr) Year Utilization (hr/yr) 1 6000 800 2 4000 800 3 4000 7 2200 816 4 1600 8 2200 At the end of the job, it is estimated that the equipment can be sold at auction for $60,000. (a) Compute the straight-line depreciation schedule. (b) Compute the unit-of-production depreciation schedule.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter18: Accounting For Long-term Assets

Section: Chapter Questions

Problem 3CE: A machine costing 350,000 has a salvage value of 15,000 and an estimated life of three years....

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