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Here is a good one for you...Hope you can help ste...

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Here is a good one for you...Hope you can help step by step like you did with the others. I sure do appreciate you. Problem: Air Pack Company purchased packaging equipment on January 3, 2006 for $90,000. The equipment was expected to have a useful life of three years, or 21,000 operating hours, and a residual value of $6,000. The equipment was used for 8,000 hours during 2006, 7,500 hours in 2007, and 5,500 hours in 2008. Instructions: Determine the amount of depreciation expense for the years ended December 31, 2006, 2007 and 2008, by (a) the straight-line method, (b) the units-of-production and (c) the double- declining ?balance method. Also determine the total depreciation expenses for the three years by each method. The following columnar headings are suggested for recording the depreciation expense amount. Depreciation Expenses Straight - units-of- double-declining- Line Production Balance Year Method Method Method,Hi you forgot to also complete the last 2 the Line Production Balance and Year Method Method Method ..you did great with the first two, the Depreciation Expenses Straight - units-of- double-declining- thank you

 

Paper#7644 | Written in 18-Jul-2015

Price : $25
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