Copy equipment was acquired at the beginning of the year at a cost of $51,850 that has an estimated residual value of $4,700 and an estimated useful life of 5 years. It is estimated that the machine will output an estimated 943,000 copies. This year, 204,000 copies were made. a. Determine the depreciable cost. $fill in the blank 1 b. Determine the depreciation rate. Round your answer to two decimal places. $fill in the blank 2 per copy c. Determine the units-of-output depreciation for the year. $fill in the blank 3

I need some help please? also the annual production (units) and the Depreciation expense

Lord Company purchased a machine on January 2, Year 1, for $70,000. The machine had an expected residual value of $10,000, an expected life of 8 years or 24,000 hours, and a capacity to produce 100,000 units. During Year 1, Lord produced 12,000 units in 2,500 hours. In Year 2, Lord produced 15,000 units in 3,000 hours. b. Prepare a schedule showing depreciation expense for Year 1 and Year 2 and the book value of the asset at the end of Year 1 and Year 2 for the activity method based on hours worked. LORD COMPANY Depreciation Schedule Activity method: Hours worked Beginning Book Value Depreciation Ending Book Value Year 1 $fill in the blank fd058a096fae012_1 70,000 $fill in the blank fd058a096fae012_2 7,500 $fill in the blank fd058a096fae012_3 Year 2 $fill in the blank fd058a096fae012_4 $fill in the blank fd058a096fae012_5 $fill in the blank fd058a096fae012_6

Please help with question

Lord Company purchased a machine on January 2, Year 1, for $70,000. The machine had an expected residual value of $10,000, an expected life of 8 years or 24,000 hours, and a capacity to produce 100,000 units. During Year 1, Lord produced 12,000 units in 2,500 hours. In Year 2, Lord produced 15,000 units in 3,000 hours.  c. Prepare a schedule showing depreciation expense for Year 1 and Year 2 and the book value of the asset at the end of Year 1 and Year 2 for the activity method based on units of output. LORD COMPANYDepreciation ScheduleActivity method: Units of output   Beginning Book Value Depreciation Ending Book Value Year 1 $fill in the blank 6a1d42016fd5fd8_1 $fill in the blank 6a1d42016fd5fd8_2 $fill in the blank 6a1d42016fd5fd8_3 Year 2 $fill in the blank 6a1d42016fd5fd8_4 $fill in the blank 6a1d42016fd5fd8_5 $fill in the blank 6a1d42016fd5fd8_6

Company D recently purchased an equipment that costs $50,000, has a life of 4 years and a salvage value of $10,000. The production output of this equipment is 1800 on the first year, 2200 on the second year, 3000 units on the third year, and 4000 units on the fourth year. What is the accumulated depreciation charge on the second year?

Prepare a depreciation schedule for the following machine: the machine cost $43,000; it has an estimated residual value of $5,300 and expected life of 280,000 units. The units produced were:   Year Units Depreciation Book value at the end of each year Year 1             95,000 units     Year 2             80,000 units     Year 3             50,000 units     Year 4             35,500 units     Year 5 30,000 units       I need help working these problems out. Explain in detail please.

Morris Associates bought a machine for $82,000 cash. The estimated useful life was five years and the estimated residual value was $7,000. Assume that the estimated useful life in productive units is 171,000. Units actually produced were 45,600 in year 1 and 51,300 in year 2. Required: 1. Determine the appropriate amounts to complete the following schedule.

Assume that an asset costing $72,000 is expected to produce 500,000 units and have a salvage value of $6,000. The first year, 90,000 units are produced; the second year, 82,000 units are produced; the third year, 94,000 units are produced. Using the units-of-production method, complete the following: Year  DepreciationExpense BookValue 0 — $72,000 1 fill in the blank 1 fill in the blank 2 2 fill in the blank 3 fill in the blank 4 3 fill in the blank 5

I have the answer and question below but I just needf to know how to work it out Solve the problem. Round unit depreciation to nearest cent when making the schedule, and round final results to the nearest cent. A construction company purchased a piece of equipment for $1,710.  The expected life is 7,000 hours, after which it will have a salvage value of $280.  Find the amount of depreciation for the first year if the piece of equipment was used for 1,600 hours. Use the units-of-production method of depreciation.   Answer:   ($320)