A Company Purchased a Machine on January 1 of the Current

question 214

Essay

A company purchased a machine on January 1 of the current year for $750,000.Calculate the annual depreciation expense for each year of the machine's life (estimated at 5 years or 20,000 hours,with a salvage value of $75,000)using each of the below-mentioned methods.During the machine's 5-year life its hourly usage was: 3,000; 4,000; 5,000; 5,000; and 3,000 hours.

Understand the theoretical underpinnings of nonparametric tests requiring few assumptions about population distributions.

Comprehend the assumptions underlying the usage of specific nonparametric tests for hypothesis testing.

Distinguish between different nonparametric tests and their applications.

Calculate and interpret the test statistics and p-values in nonparametric tests.