On January 2,2009,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 2010,complete the following chart.If a figure cannot be determined,indicate so by placing an X in the box.(Show your work.)
$$\begin{array} { | l | c | l }
\hline \text { Method } & \text { Depreciation Expense for } & \text { Carryine Value at 12/31/0 } \
& 2010 \
\hline \text { Straight-line } && \
\hline \text { Praduction } & & \
\hline \text { Dauble-decliring-balance } & & \
\hline
\end{array}$$

Question

On January 2,2009,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 2010,complete the following chart.If a figure cannot be determined,indicate so by placing an X in the box.(Show your work.)
 $$\begin{array} { | l | c | l } 
\hline \text { Method } & \text { Depreciation Expense for } & \text { Carryine Value at 12/31/0 } \
& 2010 \
\hline \text { Straight-line } && \
\hline \text { Praduction } & & \
\hline \text { Dauble-decliring-balance } & & \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of On January 2,2009,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 2010,complete the following chart.If a figure cannot be determined,indicate so by placing an X in the box.(Show your work.)
 $$\begin{array} { | l | c | l } 
\hline \text { Method } & \text { Depreciation Expense for } & \text { Carryine Value at 12/31/0 } \
& 2010 \
\hline \text { Straight-line } && \
\hline \text { Praduction } & & \
\hline \text { Dauble-decliring-balance } & & \
\hline
\end{array}$$

On January 2,2009,Vanowen Company Purchased a Machine for $80,000