On January 1, 2015, Zade Manufacturing Company Purchased a Machine

question 103

Essay

On January 1, 2015, Zade Manufacturing Company purchased a machine for $40,000,000. The company expects to use the machine for 24,000 hours over the next 6 years. The estimated sale value of the machine at the end of the sixth year is $40,000. The company used the machine for 3,600 hours in 2015 and 5,000 hours in 2016. What is the depreciation expense for 2015 and 2016 if the company uses the double-declining-balance method of depreciation? (Do not round your intermediate calculations.)

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Definitions:

Independent

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Probability

A measure of the likelihood that an event will occur, expressed as a number between 0 (impossibility) and 1 (certainty).

Federal Holidays

Public holidays in the United States established by federal law, during which non-essential federal government offices are closed.

Snow Storm

A severe weather condition characterized by strong winds and heavy snowfall, impacting visibility, travel, and potentially causing significant disruption.