uestion 4 Tracker Inc purchased equipesent at a cost of 5565741, wtisth ha n tin

Question

uestion 4 Tracker Inc purchased equipesent at a cost of 5565741, wtisth ha n tinalof udl a 561768. The oquipment is expected to be used for a sotal ot 177579 prodactive bou ov the sel I5 Marked ou ot 10 P Plg paonW years. The sotal number of hours in use in the fint year is 194413 What is the depreciation expesse for the firnt year ander the units of prodactiou mstod Select one a 555100 o b $31498 c $61833 d 535359 Check Marco L.td. purchasod a machine on Jaeary ,20s 4 for $239631 with an estinted fd eo7 ya and an estinated residsal value of $26192. The cumpany disposed of the maxtine on Jassary 1, 2 or $112561. What amot should the gaio so be recegaiced oe disponal be? Assae te xble declining halance method of deprecisiion is used Quention 5 uaked oud of 1 00 halance a $50183

Explanation / Answer

Cost of Machine 565741 Less: Residual value 61768 Depreciable amount 503973 Divide: Production hours 177579 Depreciation rate per hour 2.838021 Machine hours run in Year-1 19415 Depreciation for Year-1 55100.19 Answer is a. $55100

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