Order
Toll-free 24/7:
+1 725-224-8795
Order

Computing and recording depreciation | Accounting homework help

Author:
July 19th, 2020

 

On June 1, a machine costing $660,000 with a 5-year life and an estimated $50,000 salvage value was purchased. It was also estimated that the machine would produce 200,000 units during its life. Actual production would be 40,000 units per year for all five years.

  1. Using the depreciation template provided, determine the amount of depreciation expense for the third year under each of the following assumptions:
    1. The company uses the straight-line method of depreciation.
    2. The company uses the units-of-production method of depreciation.
    3. The company uses the double-declining-balance method of depreciation.
  2.  Assuming straight line depreciation, prepare journal entry for the third year.
  3. Assume the company sold the machine at the end of the fourth year for $100,000. Prepare a journal entry for asset disposal in the fourth year.
  4. Assume you are the chief accountant of ABC Inc., a sheetrock manufacturer. Determine how you will choose, based on best industry practices, the depreciation method for ABC Inc. to use.

Your response to Part 4 should be at least one page and must include title and reference pages. In addition, your paper must be formatted according to the CSU-Global Guide to Writing & APA. Review the grading rubric to understand how you will be graded on this assignment. Reach out to your instructor if you have questions about the assignment.

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Australia Assessments
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Psychology
This week's paper was written really well; however, I could immediately ascertain that a different writer had written this paper because there was some minor formatting errors that needed to be corrected. Also, I had to re-write a couple of sentences, but it was not anything major to request a revision for. Overall, the paper was good, but I would like to see consistency in the papers regardless of different writers.
Customer 452455, April 29th, 2023
project management
thank you
Customer 462327, November 16th, 2022
Human Resources Management (HRM)
It's great. I recommend the writer.
Customer 454223, April 9th, 2020
Transportation & Logistics
The revisions needed were done in time. The paper was informative
Customer 463473, October 31st, 2022
Retail
Thank you for your work. Some sentences required minimal edits for clarification/explanation. In the future, please review your sentences for clarity and readability. Consider also reading out loud before submitting. We look forward to future contributions.
Customer 463469, October 21st, 2022
Business
All instructions followed!
Customer 463337, February 28th, 2023
Other
Smart response.
Customer 462457, April 13th, 2022
Home Repair & Home Maintenance
Good job!
Customer 463337, November 21st, 2022
Other
The PowerPoint Presentation is PHENOMENAL! The writer went above and beyond my expectations! Thank you so much.
Customer 452455, February 15th, 2023
Military
excellent job
Customer 456821, June 20th, 2022
Commitment Statement for Canberra - Subclass 491 Offshore Visa
Thank you so much for all your help and support. Thank you writer for all your efforts and great work. Thank you all once again.
Customer 455757, January 29th, 2022
Psychology
The writer followed all instructions and superseded my expectations!!! This paper was beautifully written and I am thoroughly impressed!! Thank you to the writer for doing a phenomenal job and thank you to customer service for ensuring I received a quality paper.
Customer 452455, May 5th, 2023
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat