Question
In: Accounting
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year...
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $45,900. The machine's useful life is estimated at 10 years, or 389,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 32,900 units of product.
1.Determine the machine’s second-year depreciation using the double-declining-balance method
2，Determine the machine’s second-year depreciation and year end book value under the straight-line method.
3.Determine the machine’s second-year depreciation using the units-of-production method.
Solutions
ekkarill92 answered 2 years agoRelated Solutions
Ramirez company installs a computerized manufacturing machine in its factory at the beginning of the year...
Ramirez company installs a computerized manufacturing machine in
its factory at the beginning of the year at a cost of $43,500. The
machine's useful life is estimated at 10 years, or 385,000 units of
product, with a $5,000 salvage value. During its second year, the
machine produces 32,500 units of product.
A. Determine the machine's second year depreciation and year end
book value under the straight-line method.
B. Determine the machine's second year depreciation using the
units-of-production method.
C. Determine...
*need to check my answers: Question 1: Ramirez Company installs a computerized manufacturing machine in its...
*need to check my answers: Question 1: Ramirez Company installs
a computerized manufacturing machine in its factory at the
beginning of the year at a cost of $43,500. The machine’s useful
life is estimated at 10 years, or 385,000 units of product, with a
$5,000 salvage value. During its second year, the machine produces
32,500 units of product.
Determine the machine’s second-year depreciation under the:
A. Straight-line = my answer is $3850 just need to check
B. units of production=...
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b. $15,600
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REQUIRED:
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Northern Corporation purchased and placed in service a manufacturing machine at the beginning of the year...
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DR
CR
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