On January 2,2012,Vanowen Company purchased a machine for $80,000.The machine has an eight-year estimated useful life and an $8,000 estimated residual value.In addition,the company expects to use the machine 200,000 hours.Assuming that the machine was used 35,000 hours during 2013,complete the following chart.If a figure cannot be determined,indicate so by placing an X in the box.(Show your work.)

Question

On January 2,2012,Vanowen Company purchased a machine for $80,000.The machine has an eight-year estimated useful life and an $8,000 estimated residual value.In addition,the company expects to use the machine 200,000 hours.Assuming that the machine was used 35,000 hours during 2013,complete the following chart.If a figure cannot be determined,indicate so by placing an X in the box.(Show your work.)
On January 2,2012,Vanowen Company purchased a machine for $80,000.The machine has an eight-year estimated useful life and an $8,000 estimated residual value.In addition,the company expects to use the machine 200,000 hours.Assuming that the machine was used 35,000 hours during 2013,complete the following chart.If a figure cannot be determined,indicate so by placing an X in the box.(Show your work.)

Quizplus · Accepted Answer

The Answer of On January 2,2012,Vanowen Company purchased a machine for $80,000.The machine has an eight-year estimated useful life and an $8,000 estimated residual value.In addition,the company expects to use the machine 200,000 hours.Assuming that the machine was used 35,000 hours during 2013,complete the following chart.If a figure cannot be determined,indicate so by placing an X in the box.(Show your work.)

On January 2,2012,Vanowen Company Purchased a Machine for $80,000