Scribd Logo
Upload

Welcome to Scribd!

  • A Machine That Produces Cell Phone Components Is Purchased On

    Uploaded by

    Let's Talk With Hassan
    108 views1 page
    A machine that produces cell phone components was purchased on January 1, 2011 for $100,000 with an expected useful life of 4 years and residual value of $10,000. The machine is expected to produce 200,000 components total over its lifetime, distributing 40,000 in 2011, 50,000 in 2012, 60,000 in 2013, and 50,000 in 2014. Depreciation is to be calculated using straight-line, production, and double-declining balance methods.

    Original Description:

    Original Title

    A Machine That Produces Cell Phone Components is Purchased On

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    A machine that produces cell phone components was purchased on January 1, 2011 for $100,000 with an expected useful life of 4 years and residual value of $10,000. The machine is expected to produce 200,000 components total over its lifetime, distributing 40,000 in 2011, 50,000 in 2012, 60,000 in 2013, and 50,000 in 2014. Depreciation is to be calculated using straight-line, production, and double-declining balance methods.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    108 views1 page

    A Machine That Produces Cell Phone Components Is Purchased On

    Uploaded by

    Let's Talk With Hassan
    A machine that produces cell phone components was purchased on January 1, 2011 for $100,000 with an expected useful life of 4 years and residual value of $10,000. The machine is expected to produce 200,000 components total over its lifetime, distributing 40,000 in 2011, 50,000 in 2012, 60,000 in 2013, and 50,000 in 2014. Depreciation is to be calculated using straight-line, production, and double-declining balance methods.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    A machine that produces cell phone components is

    purchased on #3755
    A machine that produces cell phone components is purchased on January 1, 2011, for
    $100,000. It is expected to have a useful life of four years and a residual value of $10,000. The
    machine is expected to produce a total of 200,000 components during its life, distributed as
    follows: 40,000 in 2011; 50,000 in 2012; 60,000 in 2013; and 50,000 in 2014. The company
    closes its books on December 31 each year.Required:a. Calculate the amount of depreciation
    to be charged each year, using each of the following methods:i. Straight-line methodii.
    Production methodiii. Double-declining-balance methodb. Which method results in the highest
    depreciation expense:i. during the first two years?ii. over all four years?c. Calculate the amount
    of capital cost allowance that could be claimed in each of the first two years, assuming the
    machine is subject to a CCA rate of 40%.View Solution:
    A machine that produces cell phone components is purchased on

    ANSWER
    http://paperinstant.com/downloads/a-machine-that-produces-cell-phone-components-is-
    purchased-on/

    1/1
    Powered by TCPDF (www.tcpdf.org)

    You might also like