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Question ONE FLO Corp


Question ONE FLO Corp. purchased machinery for $ 600,000 on July 1, 2015. It is estimated that it will have a useful life of 10 years, residual value of $ 25,000, production of 200,000 units, and working hours of 40,000. During 2016, FLO Corp. uses the machinery for 5,500 hours and the machinery produces 10,000 units. Instructions: From the information given, compute the depreciation charge for 2016 under each of the following methods. a) marta) b) Units-of-output. (30 mariu) c) Working hours. (30 marin) d) Sum-of-the years'- digits. (30 mark e) Double-declining balance. 20 marion)

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Option 2

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