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kvv77 [185]
3 years ago
12

On July 1, 20X1, Georgia Inc., which uses UOP depreciation, purchases a machine for $16,000; the company estimates that the mach

ine will have a useful life of 15,000 machine hours and a salvage value of $1,000. You are given the following usage data: 20X1 3,000 hours 20X2 2,200 hours 20X3 6,170 hours 20X4 5,300 hours Depreciation expense on the machine for 20X1 is:
a. $1,600
b. $3,000
c. $1,500
d. $3,200
e. $16,000
Business
1 answer:
Elina [12.6K]3 years ago
8 0

Answer:

Annual depreciation= $3,000

Explanation:

Giving the following information:

Purchase price= $16,000

Useful life= 15,000 machine hours

Salvage value= $1,000

Machine hours 20X1= 3,000

<u>To calculate the depreciation expense for 20X1, we need to use the following formula:</u>

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

Annual depreciation= [(16,000 - 1,000) / 15,000]* 3,000

Annual depreciation= $3,000

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A) Does not change the money supply.

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At December 31, Amy Jo's Appliances had account balances in Accounts Receivable of $302,000 and in Allowance for Uncollectible A
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Answer:

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Explanation:

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2 years ago
Define the sentence : A marketer can realise their goals by manufacturing ,selling , improving and modifying the product . ​
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Answer:

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Miller owns a personal residence witha fair market value of $308,000 and an outstanding first mortgage of $246,400. Miller gets
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I hope my answer helps you

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