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9 May, 05:41

On January 1, 2021, Hobart Mfg. Co. purchased a drill press at a cost of $36,000. The drill press is expected to last 10 years and has a residual value of $6,000. During its 10-year life, the equipment is expected to produce 500,000 units of product. In 2021 and 2022, 25,000 and 84,000 units, respectively, were produced.

Depreciation year one - $7,200

Depreciation year two - : $7,200

Book value year one - $28,800

Book value year two - $21,600

Depreciation year one - $3,600

Depreciation year two - $3,600

Book value year one - $32,400

Book value year two - $28,800

Depreciation year one - $7,200

Depreciation year two = $5,760

Book value year one - $28,800

Book value year two = $23,040

Depreciation year one - $14,400

Depreciation year two = $8,640

Book value year one - $21,600

Book value year two = $12,960

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Answers (1)
  1. 9 May, 06:03
    0
    its stupid how you have to do this.
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