Skysong Corp. purchased machinery for $312,900 on May 1, 2025. It is estimated that it will have a useful life of 10 years, salvage value of $15,900, production of 237,600 units, and working hours of 25,000. During 2026, Skysong Corp. uses the machinery for 2,650 hours, and the machinery produces 27,000 units. From the information given, compute the depreciation charge for 2026 under each of the following methods. (Round intermediate calculations to 2 decimal places, e.g. 5.25 and final answers to O decimal places, e.g. 45,892.) (a) Straight-line (b) (c) (d) Units-of-output Working hours Sum-of-the-years'-digits (e) Declining-balance (use 20% as the annual rate) $ $ LA GA

Skysong Corp. purchased machinery for $312,900 on May 1, 2025. It is estimated that it will have a useful life of 10 years, salvage value of $15,900, production of 237,600 units, and working hours of 25,000. During 2026, Skysong Corp. uses the machinery for 2,650 hours, and the machinery produces 27,000 units. From the information given, compute the depreciation charge for 2026 under each of the following methods. (Round intermediate calculations to 2 decimal places, e.g. 5.25 and final answers to O decimal places, e.g. 45,892.) (a) Straight-line (b) (c) (d) Units-of-output Working hours Sum-of-the-years'-digits (e) Declining-balance (use 20% as the annual rate) $ $ LA GA

Name: Skysong Corp. purchased machinery for $312,900 on May 1, 2025. It is
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Description: Skysong Corp. purchased machinery for $312,900 on May 1, 2025. It is estimated that it will have a useful life of 10 years, salvagevalue of $15,900, production of 237,600 units, and working hours of 25,000. During 2026, Skysong Corp. uses the machin

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter11: Depreciation, Depletion, Impairment, And Disposal

Section: Chapter Questions

Problem 11E: On May 10, 2019, Horan Company purchased equipment for 25,000. The equipment has an estimated...

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