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Wenner Furnace Corp. - Depreciation under different methods - 5 Jun, 2013

Wenner Furnace Corp. purchased machinery for $279,000 on May 1, 2012. It is estimated that it will have a useful life of 10 years, salvage value of $15,000, production of 240,000 units, and working hours of 25,000. During 2013, Wenner Corp. uses the machinery for 2,650 hours, and the machinery produces 25,500 units.

From the information given, compute the depreciation charge for 2013 under each of the following methods.


(a) Straight-line                


(b) Units-of-output                           


(c) Working hours                           


(d) Sum-of-the-years-digits                        


(e)Double-declining-balance        

 



Category : Financial Accounting

Search Keywords :
Wenner , Furnace , Machinery , Depreciation , Hours , Units , Declining , Digits 


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Answer  - 5 Jun, 2013
Please see the attachment. The solution uses a template....


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