Metlock Company purchased equipment for $285,600 on October 1, 2025. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $12,000. Estimated production is 48,000 units and estimated working hours are 19,000. During 2025, Metlock uses the equipment for 530 hours and the equipment produces 1,100 units. Compute depreciation expense under each of the following methods. Metlock is on a calendar-year basis ending December 31. (Round rate per hour and rate per unit to 2 decimal places, e.g. 5.35 and final answers to 0 decimal places, e.g. 45,892.) (a) Straight-line method for 2025 (b) (d) (e) Activity method (units of output) for 2025 Activity method (working hours) for 2025 Sum-of-the-years-digits method for 2027 $ Double-declining-balance method for 2026 $ 8550 6270 7632 45600 53550

Metlock Company purchased equipment for $285,600 on October 1, 2025. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $12,000. Estimated production is 48,000 units and estimated working hours are 19,000. During 2025, Metlock uses the equipment for 530 hours and the equipment produces 1,100 units. Compute depreciation expense under each of the following methods. Metlock is on a calendar-year basis ending December 31. (Round rate per hour and rate per unit to 2 decimal places, e.g. 5.35 and final answers to 0 decimal places, e.g. 45,892.) (a) Straight-line method for 2025 (b) (d) (e) Activity method (units of output) for 2025 Activity method (working hours) for 2025 Sum-of-the-years-digits method for 2027 $ Double-declining-balance method for 2026 $ 8550 6270 7632 45600 53550

Name: am. 261. Metlock Company purchased equipment for $285,600 on October 1
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Description: am. 261. Metlock Company purchased equipment for $285,600 on October 1, 2025. It is estimated that the equipment will have a useful lifeof 8 years and a salvage value of $12,000. Estimated production is 48,000 units and estimated working hours are 19

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter11: Depreciation, Depletion, Impairment, And Disposal

Section: Chapter Questions

Problem 11E: On May 10, 2019, Horan Company purchased equipment for 25,000. The equipment has an estimated...

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