On January 1, 2021, Pheta Company Purchased a Machine for $114,000

question 60

Essay

On January 1, 2021, Pheta Company purchased a machine for $114,000. It has an estimated four-year life and a residual value of $45,000. The machine is expected to be used for a total of 4,600 hours over the four years. During 2021, it was used for 1,900 hours.
Required:
How much is the depreciation expense for 2021 under the units-of-production method?

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Definitions:

Dissociative Disorder

A mental health condition characterized by a disconnection and lack of continuity between thoughts, memories, surroundings, actions, and identity.

Dissociative Amnesia

A disorder characterized by an inability to recall important personal information, usually of a traumatic or stressful nature.

Dissociative Identity Disorder

Dissociative Identity Disorder (DID) is a psychological condition characterized by the presence of two or more distinct personality states or identities within a single individual, often arising as a response to severe trauma.

Dissociative Fugue

A rare psychiatric disorder characterized by reversible amnesia for personal identity, including memories, personality, and other identifying characteristics, often involving unplanned travel or wandering.