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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 following

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 following

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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:
Transcribed Image Text: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:
Question 16 16. Loss in value for every unit produced. Question 17 17. Loss in value for every hour rendered. Question 18 18. Depreciation on the 3rd year using Service-Output Method.
Transcribed Image Text:Question 16 16. Loss in value for every unit produced. Question 17 17. Loss in value for every hour rendered. Question 18 18. Depreciation on the 3rd year using Service-Output Method.
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