A machine with a cost of $640,000 has an estimated salvage value of $40,000 and an estimated useful life of 5 years or 15,000 hours. It is to be depreciated using the units-of-activity method of depreciation. What is the amount of depreciation for the second full year, during which the machine was used 5,000 hours?
A) $200,000.
B) $120,000.
C) $173,333.
D) $173,333
Correct Answer:
Verified
Q104: Units-of-activity is an appropriate depreciation method to
Q109: The calculation of depreciation using the declining
Q202: * 205.A company purchased factory equipment for
Q206: Interline Trucking purchased a tractor trailer for
Q209: Plant assets are ordinarily presented in the
Q210: On January 1, a machine with a
Q211: A factory machine was purchased for $140,000
Q212: Foyle Company purchased a new van for
Q214: All of the following statements are true
Q217: A company purchased office equipment for $30,000
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents