- sr22 insurance cost
- book deposit
A three-year-old machine that has a cost of $23,200, has an estimated residual value of $1,600 and an estimated useful life of 36,000 machine hours. The company uses units-of-production depreciation and ran the machine 5,100 hours in year 1; 7,850 hours in year 2; and 6,900 hours in year 3.
I got $9,690, but it is not the right answer. why?
Here is my work: (23200-1600)/36000=.6
.6*5100=3060
.6*7850=4710
.6*6900=4140
Then i used (23200-1600)-(3060+4710+4140)=9690.
I got $9,690, but it is not the right answer. why?
Here is my work: (23200-1600)/36000=.6
.6*5100=3060
.6*7850=4710
.6*6900=4140
Then i used (23200-1600)-(3060+4710+4140)=9690.
Simple accounting question. help please?
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