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# E10-4(1) - Name Date Instructor Course Financial Accounting...

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FileName: 5d0eba95a1fdac1caf749511080dfad7795c6070.xls, Tab: Exercise E10-4, Page 1 of 2, 05/12/2009, 16:19:31 Name: Date: Instructor: Course: \$96,000 The company estimated that the machine will have a salvage value of \$12,000 The machine is expected to be used for 10,000 working hours during its 5 year life. Instructions: Cost - Salvage Value = \$96,000 - \$12,000 = \$84,000 per year Title Number \$84,000 per year 0.2 0.17 = \$2,800 for 2006 This cell is formatted to accept # / 12 value. 1,700 hours. epreciable co - otal units of activi = \$12,000 - 1,700 = \$7.06 per hour Title Number \$7.06 per hour X 1,700 = \$12,000 for 2006 Computation Year: X = Mos / 12 2006 \$96,000 X 40% = \$38,400 X 0.25 = \$9,600 2007 Amount X Percentage = Formula X # / 12 = Formula This cell is formatted to accept # / 12 value. Financial Accounting, 5th Edition, by Weygandt, Kieso, and Kimmel Solving Financial Accounting Problems Using Microsoft Excel for Windows by Rex A Schildhouse Exercise E10-4, Solo Company purchased a new machine on October 1, 2006, at a cost of (a) Compute the straight-line depreciation for 2006. (b) Compute the units of activity depreciation for 2006 assuming the machine usage was.

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