Hello teacher please help me Accounting question Manufacturing Plant was purchased on 1/7/10 for $100,000 and has a residualvalue of $10,000. It is depreciated using the units of production method and it isestimated that its useful life is 180,000 units. What will be the book value of theManufacturing Plant on 30/6/13 if the patterns of usage were:2010/11 20,000 units2011/12 50.000 units2012/13 45,000 unitsa. $65,000b. $42,500c. $22,500d. $57,500

Step 1: Define Depreciation MethodThe selection of a depreciation method depends on various factors,…

Answered: Manufacturing Plant was purchased on…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Could you please solve mcqs after solving this question As Soon As Possible Company XYZ purchased a plant costing $100,000 and $5,000 was incurred to get the plant installed at company. It is estimated that the plant has a useful life of 10 years with zero residual value. However, the units produced by using this plant from year 1 to year 10 are given as 1000, 900, 800, 750, 600, 500, 450, 400, 350, 150 respectively.
Savior Company purchased a machine at a cost of P635, 000 on January 1, 2018. It was estimated that the machine would have a residual value of P35, 000. Statistics relating to the machine over its estimated useful life were: Estimated useful life: Years-5; Service hours- 60,000; Production output -150, 000 Actual operations service hours. unit produced 2018. 14000. 34000 2019. 13000. 32000 2020. 10000. 25000 2021. 11000. 29000 2022. 12000. 30000 Required: Compute the depreciation expense for the year 2021 following methods: a Straight line b. Service hours c. Production method d. SYD e. DDB
The corporation purchased a machinery for P100,000.00 with an estimated useful life of 10 years. See table below for the following data. SCRAP VALUE PRODUCTION WORKING HOURS P4,000.00 400,000 units 120000 working-hours Year Production No. of Working-hours2002 36,000 units 14,0002003 44,000 units 18,000 What is the total depreciation for 2003 using Working Hours and Service Output Method?
Delaney Company is considering replacing equipment that originally cost $518,000 and that has $362,600 accumulated depreciation to date. A new machine will cost $837,000. What is the sunk cost in this situation? Oa. $681,600 Ob. $124,320 Oc. $155,400 Od. $518,000
A machine with a cost of $100 000 has an estimated residual value of $10 000 and an estimated life of five years or 45 000 hours. It is to be depreciated by the units-of-activity method. What is the amount of depreciation for the third full year, during which the machine was used 9 500 hours? O $19,000 O $21,111 O None of the other alternatives O $16,000
A machine with a cost of $180,000 has an estimated residual value of $20,000 and an estimated life of 4 years or 20,000 hours. It is to be depreciated by the units-of-activity method. What is the amount of depreciation for the second full year, during which the machine was used 5,000 hours? $5,000 b. $50,000 $20,000 Od $40,000
Delaney Company is considering replacing equipment that originally cost $548,000 and has accumulated depreciation of $383,600 to date. A new machine will cost $778,000. The sunk cost in this situation is a. $131,520 b. $613,600 c. $164,400 d. $548,000
Delaney Company is considering replacing equipment that originally cost $496,000 and has accumulated depreciation of $347,200 to date. A new machine will cost $794,000. The sunk cost in this situation is a.$148,800 b.$119,040 c.$645,200 d.$496,000
Can I have a step-by-step solution to this one too? 10. ABC Corp. purchased machinery with a cost of $70,000 at the beginning of 2018. The machinery has an estimated life of 25 years or 25,000 units of product. The estimated residual value is $7,500. During 2018, 1,100 units of product were produced with this machinery. A. Using units of production depreciation, calculate the total accumulated depreciation at 12/31/18. B. Using straight line depreciation, calculate the book value of the machine at the end of 2018.
The pertinent information about a piece of construction equipment follows: cost $180,000 Estimated Useful Life 200,000 Miles Residual (salvage) value $20,000 Placed in service 1/2/2015 Year 1 output = 37,000 miles Year 2 output= 51000 miles Compute the first two years depreciation using the units of output method.
An industrial air conditioner with an expected useful operating life of 30.000 hours costs $45,000. It is known that the salvage value of the air conditioner is $10,000 at the end of its useful life. The total working time of the air conditioner diuring first year is 4,000 hours. Find the depreciation for the first year by using the unit-of-production met hod. A) $5,333.33 B) $4,666.67 C) $6,000.00 D) Answers A, B and C are not correct
A machine with a cost of $120,000 has an estimated residual value of $15,000 and an estimated life of 5 years or 15,000 hours. It is to be depreciated by the units-of-activity method. What is the amount of depreciation for the second full year, during which the machine was used 5,000 hours? a. $5,000 b. $35,000 c. $45,000 d. $21,000

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