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Machinery cost $ 315,000 Estimated salvage value 15,000 Estimated useful life 10 years Estimated production
Machinery cost $ 315,000
Estimated salvage value 15,000
Estimated useful life 10 years
Estimated production 240,000 units
Estimated working hours 25,000 hours
Actual hours used in 2018 2,650 hours
Actual units produced in 2018 25,500 units
1.Jon Furnace Corp. purchased machinery on May 1, 2017. Use the following information concerning the machinery to calculate the amount of depreciation expense charged in 2018 using the double-declining method.
