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Other Fields Homework Help Accounting Topic started by: H3Ko on Aug 29, 2016



Title: On January 1, 2017, Henry Manufacturing Corporation purchased a machine for $40,600,000. Henry's ...
Post by: H3Ko on Aug 29, 2016
On January 1, 2017, Henry Manufacturing Corporation purchased a machine for $40,600,000. Henry's management expects to use the machine for 34,000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is $47,000. The machine was used for 4,000 hours in 2017 and 5,400 hours in 2018. Calculate the book value of the machine at the end of 2018 if the company uses the units-of-production method of depreciation. (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
A) $29,388,244
B) $35,829,040
C) $40,600,000
D) $29,375,272


Title: Re: On January 1, 2017, Henry Manufacturing Corporation purchased a machine for $40,600,000. ...
Post by: .unplugged. on Aug 29, 2016
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Title: Re: On January 1, 2017, Henry Manufacturing Corporation purchased a machine for $40,600,000. Henry's ...
Post by: H3Ko on Oct 12, 2016
YES! Can't believe I got this one right. Appreciate the confirmation


Title: Re: On January 1, 2017, Henry Manufacturing Corporation purchased a machine for $40,600,000. Henry's ...
Post by: .unplugged. on Oct 15, 2016
In case you need anything else, I'll be around