On January 2, 2017. Wavepoint Systems, a cell phone manufacturer, installed a computerized machine in its factory at a c
Posted: Sun Jul 03, 2022 1:16 pm
On January 2, 2017. Wavepoint Systems, a cell phone manufacturer, installed a computerized machine in its factory at a cost of $173 200 The machine's useful life was estimated at four years or a total of 185,600 units with a $34,000 trade-in value Wavepoint's year-end is December 31 Calculate depreciation for each year of the machine's estimated useful life under each of the following methods a. Straight-line b. Double-declining-balance c. Units-of-production, assuming actual units produced were 2017 2018 2019 2020 Year 2017 2018 2019 2020 39,800 43,400 54,100 71,000 Straight-Line Double-Declining-Balance Units-of-Production