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Irvington Manufacturing Inc

Question 71

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Irvington Manufacturing Inc.purchased a new machine on January 2,2014,that was built to perform one function on its assembly line.Data pertaining to this machine are:
Acquisition cost $330,000
Residual value $30,000
Estimated service life:
Years 5
Service hours 250,000
Production output 300,000
Using each of the following methods,compute the annual depreciation rate and charge for the years ended December 31,2014,and 2015:
Irvington Manufacturing Inc.purchased a new machine on January 2,2014,that was built to perform one function on its assembly line.Data pertaining to this machine are: Acquisition cost $330,000 Residual value $30,000 Estimated service life: Years 5 Service hours 250,000 Production output 300,000 Using each of the following methods,compute the annual depreciation rate and charge for the years ended December 31,2014,and 2015:

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