A machine was purchased at an original cost of P3,250,114 with a salvage value of P386.985. The machine is expected to perform for 365,281 hours and can produce total units of 574,125. The machine has the following outputs: First year: H-20.243 hours O-45,754 units Second year: H-19,854 hours 0-41,658 units Third year: H-19.895 hours 0-42.036 units Fourth year H-17.856 hours O-36.025 units Determine the following: A)Book value at the end of four years using Service-Output Method. B.)Total depreciation at the end of 2nd year using Working-Hours Method. C.)Book value at the end of three years using Working-Hours Method. (Please provide detailed solution not in excel, thank you)

A machine was purchased at an original cost of P3,250,114 with a salvage value of P386.985. The machine is expected to perform for 365,281 hours and can produce total units of 574,125. The machine has the following outputs: First year: H-20.243 hours O-45,754 units Second year: H-19,854 hours 0-41,658 units Third year: H-19.895 hours 0-42.036 units Fourth year H-17.856 hours O-36.025 units Determine the following: A)Book value at the end of four years using Service-Output Method. B.)Total depreciation at the end of 2nd year using Working-Hours Method. C.)Book value at the end of three years using Working-Hours Method. (Please provide detailed solution not in excel, thank you)

Name: A machine was purchased at an original cost of P3,250,114 with a salva
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Description: A machine was purchased at an original cost of P3,250,114 with a salvage value of P386.985. The machine is expected to perform for 365,281 hours and can produce total units of 574,125. The machine has the following outputs:First year:H-20.243 hoursO-

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter18: Accounting For Long-term Assets

Section: Chapter Questions

Problem 3CE: A machine costing 350,000 has a salvage value of 15,000 and an estimated life of three years....

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A machine was purchased at an original cost of P3,250,114 with a salvage value of P386,985. The machine is expected to perform for 365,281 hours and can produce total units of 574,125. The machine has the following outputs: First year. H-20,243 hours O=45,754 units Second year. H-19,854 hours O 41,658 units Third year. H 19,895 hours O=42,036 units Fourth year: H-17.856 hours O-36,025 units Determine the following: A.Loss in value for every unit produced. B.Loss in value for every hour rendered. C.Depreciation on the 3rd year using Service-Output Method. (Please provide detailed solution not in excel, thank you)
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