Respuesta :
Answer:
Depreciation Expense = $16900
Explanation:
Using the units of production method. I will get the value of depreciation expense for the year 2. The units of production method calculate the value of depreciation using the formula is given below.
Depreciation expense = (Cost - Salvage value) / Total Units of Products x Units of production in second year.
Depreciation expense = ($87000 - $7000) / 400000 x 84500 = $16900
Wickland company will charge depreciation expense of $16900 using the Units of production method as during the second year of Wickland company depreciation expense is $16900.
Answer:
Debit Depreciation Expense $16,900; credit Accumulated Depreciation $16,900.
Explanation:
Depreciation Expense = [(Cost − Salvage Value)/Estimated Useful Life (in units)] × Production of Units
Depreciation Expense = [($87,000 − $7,000)/400,000] × 84,500 = $16,900