Candy Inc. purchased a small plane for $211,500. Its useful life is estimated as 6,000 hours, with a salvage value of $16,920. Prepare a UOP (Units-of-Production) depreciation schedule based on the given annual usage, then enter the book value at the end of year 4 as your answer. (Round all amounts to the nearest cent) $$\begin{array} { l l }
\text { Years } & \text { Hours } \
\hline 1 & 1,375 \
2 & 1,306 \
3 & 1,238 \
4 & 1,375 \
5 & 1,582
\end{array}$$

Question

Candy Inc. purchased a small plane for $211,500. Its useful life is estimated as 6,000 hours, with a salvage value of $16,920. Prepare a UOP (Units-of-Production) depreciation schedule based on the given annual usage, then enter the book value at the end of year 4 as your answer. (Round all amounts to the nearest cent) $$\begin{array} { l l } 
\text { Years } & \text { Hours } \
\hline 1 & 1,375 \
2 & 1,306 \
3 & 1,238 \
4 & 1,375 \
5 & 1,582
\end{array}$$

Quizplus · Accepted Answer

The Answer of Candy Inc. purchased a small plane for $211,500. Its useful life is estimated as 6,000 hours, with a salvage value of $16,920. Prepare a UOP (Units-of-Production) depreciation schedule based on the given annual usage, then enter the book value at the end of year 4 as your answer. (Round all amounts to the nearest cent) $$\begin{array} { l l } 
\text { Years } & \text { Hours } \
\hline 1 & 1,375 \
2 & 1,306 \
3 & 1,238 \
4 & 1,375 \
5 & 1,582
\end{array}$$

Candy Inc Purchased a Small Plane for $211,500 Years Hours 11,37521,30631,23841,37551,582\begin{array} { l l } \text { Years } & \text { Hours } \\\hline 1 & 1,375 \\2 & 1,306 \\3 & 1,238 \\4 & 1,375 \\5 & 1,582\end{array} Years 12345​ Hours 1,3751,3061,2381,3751,582​​

Candy Inc Purchased a Small Plane for $211,500 $\begin{array} { l l } \text { Years } & \text { Hours } \\\hline 1 & 1,375 \\2 & 1,306 \\3 & 1,238 \\4 & 1,375 \\5 & 1,582\end{array}$