A machine that produces cellphone components is purchased on January for $ It is expected to have a useful life of four years and a residual value of $ The machine is expected to produce a total of components during its life, distributed as follows: in in in and in The company has a December year end.
a
Your answer is correct.
Calculate the amount of depreciation to be charged each year, using each of the following methods:
i Straightline method
Straightline method depreciation $enter a dollar amount per year
Correct answer per year
ii Unitsofproduction method Round depreciation per unit to decimal places, eg and depreciation expense to decimal places, eg
Unitsofproduction method depreciation $enter a dollar amount per unit rounded to decimal places
Correct answer per unit
Year
Depreciation Expense
$enter a dollar amount
Correct answer
$enter a dollar amount
Correct answer
$enter a dollar amount
Correct answer
$enter a dollar amount
Correct answer
iii. Doublediminishingbalance method
Rate enter percentages
Correct answer
Year
Depreciation Expense
$enter a dollar amount
Correct answer
$enter a dollar amount
Correct answer
$enter a dollar amount
Correct answer
$enter a dollar amount
Correct answer
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Attempts: of used
b
Which method results in the highest depreciation expense:
i
during the first two years?
double diminshing method or straingt line or unit of production or all are the same
ii
over all four years double diminshing method or straingt line or unit of production or all are the same
