# Wildhorse Co. purchased a new machine on October 1, 2022, at a cost of \$90,100. The company estimated that the machine has a salvage value of \$6,460. The machine is expected to be used for 82,000 working hours during its 10-year life. Wildhorse Co. purchased a new machine on October 1, 2022, at a cost
of \$90,100. The company estimated that the machine has a salvage value of \$6,460. The machine is expected to be used for 82,000 working hours during its 10-year life.
Compute depreciation using the following methods in the year indicated.
Declining-balance using double the straight-line rate for 2022 and 2023.
2022
2023
Depreciation using the Declining-balance method\$
enter a dollar amount
\$
enter a dollar amount
eTextbook and Media
Calculate the depreciation cost per hour. (Round answer to 2 decimal places, e.g. \$1.25)
Depreciation cost per hour\$
enter the depreciation cost per hour in dollars rounded to 2 decimal places
Units-of-activity for 2022, assuming machine usage was 490 hours. (Round answer to 0 decimal places, e.g. 5,275.)
Depreciation using the Units-of-activity method for 2022\$
enter the units-of-activity depreciation cost for 2022 in dollars

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

The post Wildhorse Co. purchased a new machine on October 1, 2022, at a cost of \$90,100. The company estimated that the machine has a salvage value of \$6,460. The machine is expected to be used for 82,000 working hours during its 10-year life. appeared first on Superb Professors.