How to post to a journal: Dec. 31st The equipment is being depreciated using the units...

How to post to a journal: Dec. 31st The equipment is being depreciated using the units of production method over 10 years or 75,000 hours. The salvage value is $5,000. The equipment was used 7,400 hours this year. Cost of equipment is 125,000.00

Expert Solution


CALCULATION OF THE DEPRECIATION PER HOURS
Purchase Cost of Equippment	$ 1,25,000.00
Less: Salvage Value	$ 5,000.00
Net Value for Depreciation	$ 1,20,000.00
Expected to produce Hours	75,000	Hours
Depreciation per Miles =	$ 1.60	Per Hours
($ 120,000 / 75,000 Hours)

Depreciation For this Year
Number of Hours Produced during the year =	7,400	Hours
Multiply By	"X " By
Depreciation Per Hours	$ 1.60	Per Hours
Depreciation =	$ 11,840.00

Answer = $ 11,840

ekkarill92 answered 1 year ago

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