Maserati Corporation purchased a new machine for its assembly process on August 1, 2010. The cost of this machine was $150,000. The company estimated that the machine would have a salvage value of $24,000 at the end of its service life. Its life is estimated at 5 years and its working hours are estimated at 21,000 hours. Year-end is December 31. Compute the depreciation expense under the activity method for 2010, assuming that machine usage was 800 hours.© BrainMass Inc. brainmass.com October 2, 2020, 4:16 am ad1c9bdddf
The process is shown for you in excel. This is now a template for other similar problems (insert numbers in cells and answer will update).