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Units-of-Production Depreciation Schedule Stamping Machine reciation per Unit ($) Units Produced Annual Depreciation ($) Accumulated Depreciation ($) Вос 50,000 70,000 45,000 66,000 30,000 $5

Units-of-Production Depreciation Schedule Stamping Machine reciation per Unit ($) Units Produced Annual Depreciation ($) Accumulated Depreciation ($) Вос 50,000 70,000 45,000 66,000 30,000 $5

FINANCIAL ACCOUNTING
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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Thunderbird Manufacturing purchases a new stamping machine for $52,500. Its useful life is estimated to be 250,000 units with a salvage value of $5,000. Prepare a units-of-production (UOP) depreciation schedule based on the given annual usage (units produced) as shown below. Thunderbird Manufacturing Units-of-Production Depreciation Schedule Stamping Machine End of Year Depreciation per Unit ($) Units Produced Annual Depreciation ($) Accumulated Depreciation ($) Book value ($) $52,500 (new) 1 50,000 2 70,000 3 45,000 4 66,000 5 30,000
Transcribed Image Text:Thunderbird Manufacturing purchases a new stamping machine for $52,500. Its useful life is estimated to be 250,000 units with a salvage value of $5,000. Prepare a units-of-production (UOP) depreciation schedule based on the given annual usage (units produced) as shown below. Thunderbird Manufacturing Units-of-Production Depreciation Schedule Stamping Machine End of Year Depreciation per Unit ($) Units Produced Annual Depreciation ($) Accumulated Depreciation ($) Book value ($) $52,500 (new) 1 50,000 2 70,000 3 45,000 4 66,000 5 30,000
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