Question
In: Accounting
Strong Metals Inc. purchased a new stamping machine at the beginning of the year at a...
Strong Metals Inc. purchased a new stamping machine at the
beginning of the year at a cost of $1,000,000. The estimated
residual value was $92,800. Assume that the estimated useful life
was five years, and the estimated productive life of the machine
was 324,000 units. Actual annual production was as
follows:
| Year | Units |
| 1 | 86,000 |
| 2 | 74,000 |
| 3 | 41,000 |
| 4 | 69,000 |
| 5 | 54,000 |
Required:
1. Complete a separate depreciation schedule for each of the alternative methods. (Do not round your intermediate calculations.)
a. Straight-line.
b. Units-of-production.
c. Double-declining-balance.
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Strong Metals Inc. purchased a new stamping machine at the beginning of the year at a...
Strong Metals Inc. purchased a new stamping machine at the
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300,000 units. Actual annual production was as follows:
Year
Units
1
70,000
2
67,000
3
50,000
4
73,000
5
40,000
Required:
1. Complete a separate depreciation schedule
for each of the alternative methods.
year
depreaction expense
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Strong Metals Inc. purchased a new stamping machine at the beginning of the year at a...
Strong Metals Inc.
purchased a new stamping machine at the beginning of the year at a
cost of $1,330,000. The estimated residual value was $70,000.
Assume that the estimated useful life was five years and the
estimated productive life of the machine was 300,000 units. Actual
annual production was as follows:
Year
Units
1
70,000
2
67,000
3
50,000
4
73,000
5
40,000
Required:
1.
Complete a separate depreciation schedule for each of the
alternative methods.
a. Straight-line.
b.
Units-of-production....
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Please help me with the equations how to work this problem.
Required:
a-1. Prepare a complete depreciation schedule,
beginning with the current year, using the straight-line method.
(Assume that the half-year convention...
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