Homework answers / question archive / Chloe's Crayons purchases a machine which automatically places the company's crayon sets into boxes

Chloe's Crayons purchases a machine which automatically places the company's crayon sets into boxes

Accounting

Share With

Chloe's Crayons purchases a machine which automatically places the company's crayon sets into boxes. The machine is purchased on January 1st, Year 1 for $28,000, and has an expected salvage value of $7,000. Chloe also estimates the machine will box the following number of crayon sets over its estimated 3 year life:

Flag this Question

Question 71 pts

Complete the following table for Chloe's Crayons, assuming she uses the straight-line method for depreciation. Round your final answer to the nearest whole number.

Flag this Question

Question 81 pts

Complete the following table for Chloe's Crayons, assuming she uses the double-declining balance method for depreciation. Round your final answers to the nearest whole number.

Flag this Question

Question 91 pts

Complete the following table for Chloe's Crayons, assuming she uses the units of activity method for depreciation. Assume Chloe's estimates for the machine's activity are accurate. Round your final answers to the nearest whole number.