HANDOUT 9-3Inputs:Machine CostEstimated Salvage ValueEstimated Useful Life in HoursUNITS OF PRODUCTIONa) Prepare a depreciation schedule for the following scenario.Year12345DepreciationRatePer HourInputs:Machine CostEstimated Salvage ValueEstimated Useful Life in UnitsYear123$$DepreciationRatePer Houra50,00010,00020,000b) Prepare a depreciation schedule for the following scenario.$$AnnualDepreciation AccumulatedExpenseDepreciationEYoutube: https://youtu.be/kmvab6F47twLook for comments,see the redtriangles.$10,000$6,000$14,00080,0005,00025,000$10,00016,00030,000AnnualDepreciationAccumulatedExpense Depreciation$CarryingValue50,00040,00034,00020,000CarryingValue$ 80,000Actual Usage# of Hours5,0003,0007,0004,0002,000Actual Usage# of Hours12,00010,0006,000

Name: HANDOUT 9-3Inputs:Machine CostEstimated Salvage ValueEstimated Useful
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Description: HANDOUT 9-3Inputs:Machine CostEstimated Salvage ValueEstimated Useful Life in HoursUNITS OF PRODUCTIONa) Prepare a depreciation schedule for the following scenario.Year12345DepreciationRatePer HourInputs:Machine CostEstimated Salvage ValueEstimated

Depreciation expense is the non-cash expense charged on non-current or fixed assets. It is reported…

Business

Accounting

UNITS OF PRODUCTION a) Prepare a depreciation schedule for the following scenario. Inputs: Machine Cost Estimated Salvage Value Estimated Useful Life in Hours Year 12345 3 Depreciation Rate Per Hour Inputs: Machine Cost Estimated Salvage Value Estimated Useful Life in Units Year 123 $ $ Depreciation Rate Per Hour b) Prepare a depreciation schedule for the following scenario. 50,000 10,000 20,000 Annual Depreciation Accumulated Expense Depreciation $ $ $10,000 $6,000 $14,000 80,000 5,000 25,000 $10,000 16,000 30,000 Annual Depreciation Expense Accumulated Depreciation Look for comments, see the red triangles. $ Carrying Actual Usage Value # of Hours 50,000 40,000 34,000 20,000 Carrying Value $ 80,000 5,000 3,000 7,000 4,000 2,000 Actual Usage # of Hours 12,000 10,000 6,000

UNITS OF PRODUCTION a) Prepare a depreciation schedule for the following scenario. Inputs: Machine Cost Estimated Salvage Value Estimated Useful Life in Hours Year 12345 3 Depreciation Rate Per Hour Inputs: Machine Cost Estimated Salvage Value Estimated Useful Life in Units Year 123 $ $ Depreciation Rate Per Hour b) Prepare a depreciation schedule for the following scenario. 50,000 10,000 20,000 Annual Depreciation Accumulated Expense Depreciation $ $ $10,000 $6,000 $14,000 80,000 5,000 25,000 $10,000 16,000 30,000 Annual Depreciation Expense Accumulated Depreciation Look for comments, see the red triangles. $ Carrying Actual Usage Value # of Hours 50,000 40,000 34,000 20,000 Carrying Value $ 80,000 5,000 3,000 7,000 4,000 2,000 Actual Usage # of Hours 12,000 10,000 6,000

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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