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Posted by: Homeworkhelp
Price Quoted by Student: $6
Posted On: 2011-01-31 12:12:57
 
Question

E11-4 Jon Seceda Furnace Corp, purchased machinery for $315,000 on May 1,2007.  

E11-4, Depreciation Computations - Five methods,  File 11e-4

 

Depreciation Computation - Five Methods-

 

E11-4 Jon Seceda Furnace Corp, purchased machinery for $315,000 on May 1,2007. It is estimated that it will have a useful life of 10 years, salvage value of $15,000, Production of 240,000 units, and working hours of 25,000. During 2008 Seceda Corp uses the machinery for 2,650 hours, and the machinery produces 25,500 units.


Instructions; From the Information given compute the depreciation charge for 2008 under each of the following methods. (Round off to nearest dollar ).



1. Straight - Line

2. Units- of Output

3. Working- Hours

4. Sum- of -the - years- digits

5. Declining- balance ( use 20% as the annual rate).


Use financial calculator for calculations

 


Solutions
Use financial calculator for
Price $6
Attachment 1: E11-4, Depreciation Computations - Five methods.xls
Solution Posted By: Homeworkhelp    Posted on: 31-01-2011