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FLO Corp. purchased machinery for $ 600,000 on Jan 1, 2015. It is estimated that it will have a useful life of 10 years,
Posted: Tue Jul 05, 2022 11:26 am
by answerhappygod
- Flo Corp Purchased Machinery For 600 000 On Jan 1 2015 It Is Estimated That It Will Have A Useful Life Of 10 Years 1 (156.17 KiB) Viewed 16 times
FLO Corp. purchased machinery for $ 600,000 on Jan 1, 2015. It is estimated that it will have a useful life of 10 years, residual value of $ 25,000, production of 200,000 units, and working hours of 40,000. During 2015, FLO Corp. uses the machinery for 5,500 hours and the machinery produces 10,000 units. Instructions: (Round off the number to the nearest value) (Don't put decimal values) From the information given, compute the depreciation charge for 2015 under each of the following methods. a) Straight-line. b) Units- of output. c) Sum- of the years'- digits. - Depreciation for 2015 as per Straight-line method Depreciation for 2015 as per Units- of - output method Depreciation for 2015 as per Sum- of - the years'- digits