Business, 06.05.2020 06:02 amorenextdoor
Fancy Frappucinno purchased a coffee drink machine on January 1, 2018, for $ 39,000. Expected useful life is 10 years or 150,000 drinks. In 2018, 4,000 drinks were sold, and in 2019, 15,000 drinks were sold. Residual value is $ 9,000.
Required:
1. Determine the depreciation expense for 2018 and 2019 using the following methods:
(a) Straight-line (SL), (b) Units of production (UOP), and (c) Double-declining-balance (DDB).
2. For each method (starting with (a) the straight-line method), select the appropriate formula needed to compute annual depreciation and then determine depreciation expense under that method for 2018 and 2019.
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Fancy Frappucinno purchased a coffee drink machine on January 1, 2018, for $ 39,000. Expected useful...
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