FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:Telimos purchased a machinery for 315,000 on May 1,2017. It is estimated that it
will have a useful life of 10 years,salvage value of 15,000, production of 240,000
units, and workinghours of 25,000. During 2018 it uses the machinery for 2,650
hours, and the machinery produces 25,500 units.
From the information given, compute the depreciation charge for 2018 under
each of the following methods. (Round to the nearest dollar.)
as per units of output, working hours and declining balance method with 20% as
annual rate.
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