The cost of equipment purchased by Oriole, Inc., on June 1, 2025, is $90,300. It is estimated that the machine will have a$6,300 salvage value at the end of its service life. Its service life is estimated at 7 years, its total working hours are estimated at 42,000,and its total production is estimated at 600,000 units. During 2025, the machine was operated 7,260 hours andproduced 66,550 units. During 2026, the machine was operated 6,655 hours and produced 58,000 units.Compute depreciation expense on the machine for the year ending December 31, 2025, and the year ending December 31, 2026,using the following methods. (Round depreciation per unit to 2 decimal places, e.g. 15.25 and final answers to O decimal places, e.g. 45,892)a.b.Straight-lineUnits-of-outputC. Working hoursd. Sum-of-the-years-digits$$toe. Double-declining-balance $tA202570009310145202100025826$$$GA$2026120008120133101485018440

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Description: The cost of equipment purchased by Oriole, Inc., on June 1, 2025, is $90,300. It is estimated that the machine will have a$6,300 salvage value at the end of its service life. Its service life is estimated at 7 years, its total working hours are esti

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The cost of equipment purchased by Oriole, Inc., on June 1, 2025, is $90,300. It is estimated that t $6,300 salvage value at the end of its service life. Its service life is estimated at 7 years, its total w and its total production is estimated at 600,000 units. During 2025, the machine was operated 7,2 produced 66,550 units. During 2026, the machine was operated 6,655 hours and produced 58,00 Compute depreciation expense on the machine for the year ending December 31, 2025, and the y using the following methods. (Round depreciation per unit to 2 decimal places, e.g. 15.25 and final ans a. Straight-line b. Units-of-output C. Working hours $ 2025 7000 9310 14520 $ $ $ 2026 120 00 133

The cost of equipment purchased by Oriole, Inc., on June 1, 2025, is $90,300. It is estimated that t $6,300 salvage value at the end of its service life. Its service life is estimated at 7 years, its total w and its total production is estimated at 600,000 units. During 2025, the machine was operated 7,2 produced 66,550 units. During 2026, the machine was operated 6,655 hours and produced 58,00 Compute depreciation expense on the machine for the year ending December 31, 2025, and the y using the following methods. (Round depreciation per unit to 2 decimal places, e.g. 15.25 and final ans a. Straight-line b. Units-of-output C. Working hours $ 2025 7000 9310 14520 $ $ $ 2026 120 00 133

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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