On January 2,2009,Topanga Company purchased a machine for $90,000.The machine has a five-year estimated useful life and a $6,000 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.)
$$\begin{array} { | l | c | l }
\hline \text { Method } & \begin{array} { c }
\text { Depreciation Expense for } \
\text { 2010 }
\end{array} & \text { Carrying Value at 12/31/0 } \
\hline \text { Straight-line } & & \
\hline \text { Production } & & \
\hline \text { Dauble-decliring-balance } & & \
\hline
\end{array}$$

Question

On January 2,2009,Topanga Company purchased a machine for $90,000.The machine has a five-year estimated useful life and a $6,000 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.)
 $$\begin{array} { | l | c | l } 
\hline \text { Method } & \begin{array} { c } 
\text { Depreciation Expense for } \
\text { 2010 }
\end{array} & \text { Carrying Value at 12/31/0 } \
\hline \text { Straight-line } & & \
\hline \text { Production } & & \
\hline \text { Dauble-decliring-balance } & & \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of On January 2,2009,Topanga Company purchased a machine for $90,000.The machine has a five-year estimated useful life and a $6,000 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.)
 $$\begin{array} { | l | c | l } 
\hline \text { Method } & \begin{array} { c } 
\text { Depreciation Expense for } \
\text { 2010 }
\end{array} & \text { Carrying Value at 12/31/0 } \
\hline \text { Straight-line } & & \
\hline \text { Production } & & \
\hline \text { Dauble-decliring-balance } & & \
\hline
\end{array}$$

On January 2,2009,Topanga Company Purchased a Machine for $90,000