Skysong Corp. purchased machinery for $312,900 on May 1, 2025. It is estimated that the machinery will have a useful life of 10 years, with a salvage value of $15,900. The production capacity is 237,600 units, and the machine can operate for 25,000 hours. In 2026, Skysong Corp. uses the machinery for 2,650 hours, and the machinery produces 27,000 units.Based on this information, compute the depreciation charge for 2026 using each method below. Ensure intermediate calculations are rounded to two decimal places (e.g., 5.25) and final answers to zero decimal places (e.g., 45,892).(a) **Straight-line method**: $ ___(b) **Units-of-output method**: $ ___(c) **Working hours method**: $ ___(d) **Sum-of-the-years'-digits method**: $ ___(e) **Declining-balance method (using 20% as the annual rate)**: $ ___

Name: Skysong Corp. purchased machinery for $312,900 on May 1, 2025. It is
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Description: Skysong Corp. purchased machinery for $312,900 on May 1, 2025. It is estimated that the machinery will have a useful life of 10 years, with a salvage value of $15,900. The production capacity is 237,600 units, and the machine can operate for 25,000

Depreciation under working hours method is calculated by dividing the depreciable base with the total working hours and then multiply with the working hours used. Since you have posted multiple sub parts we are authorised to solve only three. Please repost the remaining subparts separately.Answer :(a) straight line :- (Cost - salvage value) / useful lifestraight line = (312,900 - 15,900) / 10straight line = $29,700b. Units of output : (Cost - salvage value) / total production units * units produced Units of output = (312,900 - 15,900) /237,600 * 27,000= (297,000 / 237600)*27,000Units of output= $33,750c. Working hours: (Cost - salvage value) / total working hours * hours used= (312,900 - 15,900) / 25,000 * 2650= 297,000 / 25000 * 2650= $31,482a) Straight line = $29,700 b) Units of output = $33,750 c) Working hours = $31,482

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Skysong Corp. purchased machinery for $312,900 on May 1, 2025. It is estimated that it will have a useful life of 10 years, salvage value of $15,900, production of 237,600 units, and working hours of 25,000. During 2026, Skysong Corp. uses the machinery for 2,650 hours, and the machinery produces 27,000 units. From the information given, compute the depreciation charge for 2026 under each of the following methods. (Round intermediate calculations to 2 decimal places, e.g. 5.25 and final answers to O decimal places, e.g. 45,892.) (a) Straight-line (b) (c) (d) Units-of-output Working hours Sum-of-the-years'-digits (e) Declining-balance (use 20% as the annual rate) $ $ LA GA

Skysong Corp. purchased machinery for $312,900 on May 1, 2025. It is estimated that it will have a useful life of 10 years, salvage value of $15,900, production of 237,600 units, and working hours of 25,000. During 2026, Skysong Corp. uses the machinery for 2,650 hours, and the machinery produces 27,000 units. From the information given, compute the depreciation charge for 2026 under each of the following methods. (Round intermediate calculations to 2 decimal places, e.g. 5.25 and final answers to O decimal places, e.g. 45,892.) (a) Straight-line (b) (c) (d) Units-of-output Working hours Sum-of-the-years'-digits (e) Declining-balance (use 20% as the annual rate) $ $ LA GA

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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