Cheyenne Corp. purchased a new machine on October 1, 2020, at a cost of $131,000....
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Cheyenne Corp. purchased a new machine on October 1, 2020, at a cost of $131,000. The company estimated that the machine will have a salvage value of $18,500. The machine is expected to be used for 10,000 working hours during its 5-year life. Your answer is incorrect. Try again. Compute the depreciation expense under straight-line method for 2020. (Round answer to 0 decimal places, e.g. 2,125.) 2019 Depreciation expense || 1875 * Your answer is incorrect. Try again. Compute the depreciation expense under units-of-activity for 2020, assuming machine usage was 1,850 hours. (Round depreciation cost per unit to 2 decimal places, e.g. 0.50 and depreciation rate to 0 decimal places, e.g. 15%. Round final answer to 2 decimal places, e.g. 2,125.25.) 2020 Depreciation expense ||41625 * Your answer is incorrect. Try again. Compute the depreciation expense under declining-balance using double the straight-line rate for 2020 and 2021. (Round answers to 0 decimal places, e.g. 2,125.) 2020 2021 116375 Depreciation expense 16375 _157312.5 57312.5
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