Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a machine that cost $256,000 has an estimated resi

A machine that cost $256,000 has an estimated residual value of $16.000 and an estimated...

50.1K

Verified Solution

Question

Accounting

A machine that cost $256,000 has an estimated residual value of $16.000 and an estimated useful life of 16.000 machine hours. The
company uses units-of-production depreciation and ran the machine 4,000 hours in year 1, 5,000 hours in year 2, and 4,000 hours in
year 3.
Calculate its book value at the end of ear 3. (Do not round intermediate calculations.)
image
A machine that cost $256,000 has an estimated residual value of $16,000 and an estimated useful life of 16,000 machine hours. The company uses units of production depreciation and ran the machine 4,000 hours in year 1,5,000 hours in year 2, and 4,000 hours in year 3. Calculate its book value at the end of year 3. (Do not round intermediate calculations.) Book Value

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Discuss two specific muscles of the Axial Skeleton. Detail their attachment, insertion, joint, and adjacent ligaments...

Medical Sciences
Q

The concentration of an unknown must be in the range of the known concentrations. You sometimes...

Chemistry
Q

A) Sketch the position vs. time graph for the following motion. Starting at 0.5m from the...

Physics
Q

The wavelength of sound emerging from a moving source is observed to decrease from its...

Physics
Q

For a ride on a rental scooter, Dante paid a $2 fee to start the...

Basic Math
Q

2 H 10 9 8 6 5 4 3 a Give the intervals where the...

Calculus
Q

Find the product 4x 4x 4 4x 6 Type an expression using x as the...

Algebra
Q

Go to the Customers worksheet. Ravi wants to create PivotTables that include customer, contract, and...

Accounting
Q

At the commencement of most leases, the lessee recognizes a right-of-use asset and a lease...

Accounting
Q

Locate the current year financial reports for Home Depot by clicking on the Investor Relations...

Accounting
Q

Which of the following journal entries would be a part of the sale of the...

Accounting
Q

Activity-based costing (ABC) conforms to GAAP and because of that most companies use ABC for...

Accounting