On January 1,2016,Amethyst Manufacturing Corporation purchased a machine for $40,000,000.The corporation expects to use the machine for 24,000 hours over the next six years.The estimated residual value of the machine at the end of the sixth year is $40,000.The schedule of usage of the machine is below.

Prepare the depreciation schedule using the units-of-production method of depreciation.

Question

On January 1,2016,Amethyst Manufacturing Corporation purchased a machine for $40,000,000.The corporation expects to use the machine for 24,000 hours over the next six years.The estimated residual value of the machine at the end of the sixth year is $40,000.The schedule of usage of the machine is below.
  
Prepare the depreciation schedule using the units-of-production method of depreciation.

Quizplus · Accepted Answer

The Answer of On January 1,2016,Amethyst Manufacturing Corporation purchased a machine for $40,000,000.The corporation expects to use the machine for 24,000 hours over the next six years.The estimated residual value of the machine at the end of the sixth year is $40,000.The schedule of usage of the machine is below.
  
Prepare the depreciation schedule using the units-of-production method of depreciation.

On January 1,2016,Amethyst Manufacturing Corporation Purchased a Machine for $40,000,000