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Porter Business Products_Depreciation Methods

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Question;Problem;1;Porter Business Products acquired equipment on January 1, 2012;for $470,000. The equipment has an estimated useful life of 5 years and an;estimated residual value of $30,000. The equipment is expected to produce;150,000 units.;During;2012, the equipment produced 24,000 units and during 2013 the equipment;produced 60,000 units.;Calculate;depreciation expense for 2012 and 2013 under each of the following methods.;No Journal entries required.;Depreciation Method;2012;2013;Straight Line;Double;Declining balance;Units of;production

 

Paper#44639 | Written in 18-Jul-2015

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