Question 4 On January 1, 2019, Hamad Town Co purchased a machine for $240.000 t emated that the machine will have a 10-year stue or 100,000 unts over its us thSevage at the end is useful te is estimated to be $20,000 Assuming the company produced 12,000 units in 2019 Depreciation expense for the year ended December 31, 2010 using units of production method of depreciation would be OA $26,400 None of these answers Oc $40,000 OD $22.000 Activate Winde

Question 4 On January 1, 2019, Hamad Town Co purchased a machine for $240.000 t emated that the machine will have a 10-year stue or 100,000 unts over its us thSevage at the end is useful te is estimated to be $20,000 Assuming the company produced 12,000 units in 2019 Depreciation expense for the year ended December 31, 2010 using units of production method of depreciation would be OA $26,400 None of these answers Oc $40,000 OD $22.000 Activate Winde

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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View Policies Show Attempt History Current Attempt in Progress * Your answer is incorrect. Vaughn Company purchased a machine on January 1, 2019, for $59000 with an estimated salvage value of $25000 and an estimated useful life of 8 years. On January 1, 2021, Vaughn decides the machine will last 12 years from the date of purchase. The salvage value is still estimated at $25000. Using the straight-line method, the new annual depreciation will be O $2550. O $2833. O $3400. O $4917.
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