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34kurt
3 years ago
6

Cactus Company purchased a new machine on August 1, 2017. At that time, the original cost of the machine was recorded at $180,00

0 with an estimated salvage value of $20,000. Total service hours expected for this machine is 100,000. During 2017, the machine was used for 825 hours. During 2018, the machine was used for 3,115 hours.
Business
1 answer:
OleMash [197]3 years ago
8 0

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Cactus Company purchased a new machine on August 1, 2017. At that time, the original cost of the machine was recorded at $180,000 with an estimated salvage value of $20,000. Total service hours expected for this machine is 100,000. During 2017, the machine was used for 825 hours. During 2018, the machine was used for 3,115 hours.

Annual depreciation= [(original cost - salvage value)/useful life of production in units]*units produced

Year 1= [(180,000 - 20,000)/100,000]*825= $1,320

Year 2= 1.6*3,115= $4,984

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Why is the savings account better than a checking’s account for saving money?
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Pani-rosa [81]

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On July 1 of year 1, Elaine purchased a new home for $665,000. At the time of the purchase, it was estimated that the property t
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Answer:

The amount of real property taxes that Elaine is allowed to deduct for year 1 is $7150.

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