18 19 20 13 14 15 16 17 21 22 23 24 25 26 27 E11 File Paste Home Insert Page Layout X A UP Calibri BIU- Cost Residual Value Useful Life (Years) Useful Life (Hours) Gain End of Year 1 4 V Straight Line Year 1 2 3 FF - Clipboard 5 SECURITY WARNING Automatic update of links has been disabled vix ✓ fx Font ✓11 Formulas Data Review View Automate Help -A A $ $ v A- 620,000.00 60,000.00 MEE 二三四五 E 4 years 12,000 hours Depreciable Cost $ 620,000.00 Alignment Rate 22 an V Be Enable Content 1/4 1/4 1/4 1/4 B C D E F G H **For calculations in each of the four tables below refer only to the values calculated in the same table or provided in the DATA table. DATA S General $ % 9 898 Number 15 Depreciation Expense Conditional Formatting Format as Table Cell Styles Styles Accumulated Depreciation Insert V Delete Format Cells Book Value Σε ερω - 0. Editing 1 Comments Add-ins Sensitivity Sensitivity Add-ins F2 + An
18 19 20 13 14 15 16 17 21 22 23 24 25 26 27 E11 File Paste Home Insert Page Layout X A UP Calibri BIU- Cost Residual Value Useful Life (Years) Useful Life (Hours) Gain End of Year 1 4 V Straight Line Year 1 2 3 FF - Clipboard 5 SECURITY WARNING Automatic update of links has been disabled vix ✓ fx Font ✓11 Formulas Data Review View Automate Help -A A $ $ v A- 620,000.00 60,000.00 MEE 二三四五 E 4 years 12,000 hours Depreciable Cost $ 620,000.00 Alignment Rate 22 an V Be Enable Content 1/4 1/4 1/4 1/4 B C D E F G H **For calculations in each of the four tables below refer only to the values calculated in the same table or provided in the DATA table. DATA S General $ % 9 898 Number 15 Depreciation Expense Conditional Formatting Format as Table Cell Styles Styles Accumulated Depreciation Insert V Delete Format Cells Book Value Σε ερω - 0. Editing 1 Comments Add-ins Sensitivity Sensitivity Add-ins F2 + An
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Prepare
+when doing units-of-production methods use the image attached with the listed machine hours
The Fraser River Corporation has purchased a new piece of factory equipment on January 1, 2024. The equipment costs $620,000 and has an estimated useful life of four years, or 12,000 machine hours. At the end of four years, the equipment is estimated to have a residual value of $60,000.
also when competing each of the depreciation schedules for each of the methods, what is the minimum amount that Fraser River will sell the factory equipment for in order to have a gain of $16,000?
Transcribed Image Text:23
24
25
26
27
16
17
18
19
20
21
22
E11
13
14
15
File
AutoSave On
Paste
DEG
Clipboard
A
Home Insert Page Layout Formulas Data Review View Automate Help
V
Α Α΄
M
JESENTE ENT
A
Editing
Calibri
B I U
Cost
Residual Value
Useful Life (Years)
Useful Life (Hours)
Gain End of Year 1
Straight Line
Year
1
2
3
4
Font
✓11
$
$
V
sara... Upload Pen...
strangers
620,000.00
60,000.00
4 years
12,000 hours
.
Depreciable
Cost
$ 620,000.00
Search
Rate
1/4
1/4
1/4
1/4
The Strangers heyat Night (20
Perfect Strangers (2018)
Alignment
SECURITY WARNING Automatic update of links has been disabled Enable Content
X ✓ fx
B
C
D
E
F
G
H
**For calculations in each of the four tables below refer only to the values calculated in the same table or provided in the DATA table.
DATA
General
$ % 9
.00
.00 ➜.0
Depreciation
Expense
Number
Conditional Formatting ✓
Format as Table ✓
Cell Styles
Accumulated
Depreciation
Styles
Insert
Book Value
Delete
Format v
Cells
Sarah Hughes SH
Sensitivity
Sensitivity
Comments
Add-ins Analyze
Data
Add-ins
J
X
Share
Transcribed Image Text:41
42
43
44
45
E11
46
47
48
X
File
Paste
AutoSave On
Home Insert
Clipboard
A
नै
Calibri
S
Page Layout
BIU F
Year
1
2
3
4
Font
11
V
Units of Production
V
strangers
sara... Upload Pen... ✓
A^ A
A
●
17
Formulas Data Review View Automate Help
=
Alignment
SECURITY WARNING Automatic update of links has been disabled Enable Content
VEX ✓ fx
B
===EE
C
Movies (21)
Depreciation
Per Unit
ab
HIH
Search
2
D
The Strangers Pay at Night (20
Perfect Strangers 2018)
V
General
$ % 9
500 0
.00
Number
Machine Hours
2,900
2,400
2,980
1,920
12
Conditional Formatting
Format as Table
Cell Styles
E
Styles
Depreciation
Expense
V
Insert
F
Delete V
Format v
Cells
Accumulated
Depreciation
Σ
Sarah Hughes
28~
Editing
G
Sensitivity
SH
-
Book Value
Comments
Add-ins
Sensitivity Add-ins
dh
Analyze
Data
H
X
Share
X
<
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 4 steps with 1 images
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education