question archive Pina Colada Company purchased a new machine on October 1, 2022, at a cost of $114,900
Pina Colada Company purchased a new machine on October 1, 2022, at a cost of $114,900
Subject:BusinessPrice: Bought3
Pina Colada Company purchased a new machine on October 1, 2022, at a cost of $114,900. The company estimated that the machine will have a salvage value of $14,900. The machine is expected to be used for 10,000 working hours during its 5-year life. (a) Your answer is correct. Compute the depreciation expense under straight-line method for 2022. 2022 Depreciation expense $ 5000 (b) Compute the depreciation expense under units-of-activity for 2022, assuming machine usage was 1,800 hours. (Round Intermediate calculations to 1 decimal place, es 10.1 and final answer to decimal places, es 2.125) 2022 Depreciation expense
