Cheyenne Corp. purchased a new machine on October 1, 2022, at a cost of $131,000. The company estimated that the machine will have a salvage value of $18,500. The machine is expected to be used for 10,000 working hours during its 5-year life.
Straight-line method for depreciation expense for 2022 is 5625
My question is "Compute the depreciation expense under units-of-activity for 2022, assuming machine usage was 1,900 hours."
The answer should be a depreciation expense this is for a study guide on wiley plus
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here