I did 3 right. Can you help me with step-by-step for the wrong one? thanks Exerc

Question

I did 3 right. Can you help me with step-by-step for the wrong one? thanks

Exercise 11-6 Your answer is partially correct. Try again Flint Company purchased equipment for $228,800 on October 1, 2017 t is estimated that the equipment wil ave a usefu· fe of 8 years and a salvage value of si 200. Estimated production is 39,200 units and estimated working hours are 19,800. During 2017, Flint uses the equipment for 530 hours and the equipment produces 1,100 units Compute depreciation expense under each of the following methods. Flint is on a calendar-year basis ending December 31. (Round rate per hour and rate per unit to 2 decimal places, e.g. 5.35 and final answers to O decimal places, e.g. 45,892.) (a) Straight-line method for 2017 (b) Activity method (units of output) for 2017 (c) Activity method (working hours) for 2017 (d) Sum-of-the-years-digits method for 2019 (e) Double-declining-balance method for 2018 6/37. 605 5771.11 11978 14300 Click if you would like to Show Work for this question: LTNK TO TEXT

Explanation / Answer

d) Sum of years digit method for 2019 :

Sum of year digit = (8+7+6+5+4+3+2+1) = 36

2019 dep = (215600*7/36*9/12+215600*6/36*3/12) = $40425

e) Double decline balance method for 2018 :

Straight line rate = 100/8=12.5%

Double decline rate = 12.5*2=25%

2018 dep = (228800*25%*9/12+228800*75%*25%*3/12) = $53625

Related Questions

Navigate

• Browse (All)
• Browse I
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.