WIll Rate: Your answer is partially correct. Try again. Sheridan Corp. purchased machinery...
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WIll Rate:
Your answer is partially correct. Try again. Sheridan Corp. purchased machinery for $313,500 on May 1, 2020. It is estimated that it will have a useful life of 10 years, salvage value of $16,500, production of 237,600 units, and working hours of 25,000. During 2021, Sheridan Corp. uses the machinery for 2,650 hours, and the machinery produces 27,300 units. From the information given, compute the depreciation charge for 2021 under each of the following methods. (Round intermediate calculations to 2 decimal places, e.g. 5.25 and final answers to 0 decimal places, e.g. 45,892.) (a) Straight-line 29700 %$4 (b) Units-of-output 34125 $4 (c) Working hours 31482 (d) Sum-of-the-years'-digits (e) Declining-balance (use 20% as the annual rate) Open Show Work Click if you would like to Show Work for this question: LINK TO TEXT
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