FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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I could use some help with the last part of this hw

### Depreciation Expense Calculation **Task (b):** Compute the depreciation expense under units-of-activity for 2022, assuming machine usage was 1,900 hours. **Instructions:** - Round depreciable cost per unit to 2 decimal places, e.g., 0.50. - Round the final answer to 0 decimal places, e.g., 2,125. **Input Fields:** - **2022 Depreciation Expense:** - Enter the calculated depreciation expense in dollars ($). **Additional Resources:** - **eTextbook and Media:** Access supplementary materials for more in-depth learning. **Submission Details:** - You have 3 attempts to submit the correct answer. - Use the "Submit Answer" button to submit your response. **Options:** - Save your progress for later with the "Save for Later" button.
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Transcribed Image Text:### Depreciation Expense Calculation **Task (b):** Compute the depreciation expense under units-of-activity for 2022, assuming machine usage was 1,900 hours. **Instructions:** - Round depreciable cost per unit to 2 decimal places, e.g., 0.50. - Round the final answer to 0 decimal places, e.g., 2,125. **Input Fields:** - **2022 Depreciation Expense:** - Enter the calculated depreciation expense in dollars ($). **Additional Resources:** - **eTextbook and Media:** Access supplementary materials for more in-depth learning. **Submission Details:** - You have 3 attempts to submit the correct answer. - Use the "Submit Answer" button to submit your response. **Options:** - Save your progress for later with the "Save for Later" button.
**Question 2 of 9** **Current Attempt in Progress** Cheyenne Corp. purchased a new machine on October 1, 2022, at a cost of $131,000. The company estimated that the machine will have a salvage value of $18,500. The machine is expected to be used for 10,000 working hours during its 5-year life. --- **(a)** ✔ Your answer is correct. Compute the depreciation expense under straight-line method for 2022. | | 2022 | |--------------|------| | Depreciation expense | $5625 | --- **eTextbook and Media** Attempts: 1 of 3 used
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Transcribed Image Text:**Question 2 of 9** **Current Attempt in Progress** Cheyenne Corp. purchased a new machine on October 1, 2022, at a cost of $131,000. The company estimated that the machine will have a salvage value of $18,500. The machine is expected to be used for 10,000 working hours during its 5-year life. --- **(a)** ✔ Your answer is correct. Compute the depreciation expense under straight-line method for 2022. | | 2022 | |--------------|------| | Depreciation expense | $5625 | --- **eTextbook and Media** Attempts: 1 of 3 used
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