FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Ehrlich Company purchased a new machine on January1, 2022, at a cost of
$145,000. The company estimated that the machine will have a salvage value of $25,000.
The machine is expected to be used for 20,000 working hours during its 5-year life.
Instructions
Compute the
(a) Straight-line for 2022 and 2023.
(b) Units-of-activity for 2022, assuming machine usage was 5,400 hours.
(c) Prepare the
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