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Marigold Corp. purchased machinery for $327,600 on May 1, 2017. It is estimated that it will...

Marigold Corp. purchased machinery for $327,600 on May 1, 2017. It is estimated that it will have a useful life of 10 years, salvage value of $15,600, production of 249,600 units, and working hours of 25,000. During 2018, Marigold Corp. uses the machinery for 2,650 hours, and the machinery produces 26,520 units.

From the information given, compute the depreciation charge for 2018 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
$
(b) Units-of-output
$
(c) Working hours
$
(d) Sum-of-the-years'-digits
$
(e) Declining-balance (use 20% as the annual rate)
$

Solutions

Expert Solution

Coloured cells contain 2018 depreciation

ekkarill92 answered 2 years ago
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