Pack Machine
Pack Machine
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Accounting homework help?
Ivy Industrial Packing Co purchased a packing machine for $950,000 at the beginning of 2009. The robot has an estimated useful life of four years and an estimated residual value of $70,000. The packing machine, which should last 20,000 hours, was operated 6,000 in 2009; 8,000 hours in 2010; 4,000 hours in 2011; and 2,000 hours in 2012.
Required:
1.Compute the annual depreciation and carrying value (book value) for the robot for 2009, 2010, 2011, and 2012 assuming the following depreciation methods:
a. Straight-line
b. Units of production
c.Double-declining balance
2.If the packing machine is sold for $400,000 on 12/31/2010, what would be the amount of the gain or loss under each depreciation method?
1. Compute the annual depreciation and carrying value (book value) for the robot for 2009, 2010, 2011, and 2012 assuming the following depreciation methods:
a. Straight-line
(950,000 - 70,000) = 220,000 per year
b. Units of production
(950,000 - 70,000) / 20,000 = $44 per hour
2009 44 x 6,000 = 264,000
2010 44 x 8,000 = 352,000
2011 44 x 4,000 = 176,000
2012 44 x 2,000 = 88,000
c. Double-declining balance
2009 950,000 x 50% = 475,000
2010 475,000 x 50% = 237,500
2011 237,500 x 50% = 118,750
2012 118,750 x 50% = 59,375. Since the book value cannot drop below the residual value of 70,000, only 48,750 can be depreciated for 2012.
2. If the packing machine is sold for $400,000 on 12/31/2010, what would be the amount of the gain or loss under each depreciation method?
Straight-line
Dr Cash 400,000
Dr Accumulated Depreciation 440,000
Dr Loss on Sale 110,000
Cr Packing Machine 950,000
Units of Production
Dr Cash 400,000
Dr Accumulated Depreciation 616,000
Cr Gain on Sale 66,000
Cr Packing Machine 950,000
Double-Declining
Dr Cash 400,000
Dr Accumulated Depreciation 712,500
Cr Gain on Sale 162,000
Cr Packing Machine 950,000
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Pack Machine
Utilizes, Functioning & Benefits of Paper Folding Machines by sir john
Now, it is high time of glancing more than functions, advantages, uses and working style of paper folding machines. In the present, these machines have facilitated the man in fantastic way. Almost all publishers, printing press owners and in other offices, paper folders are used. They are widely utilized for setting layers and arrangements of papers. Few considerable aspects have been covered in following outlines, which will help you in comprehending reality of these folding machines.
Main Utilizes:-
These machines are serving so many departments very nicely. Some brilliant and excellent uses of such folding products are offered as
1-In paper cutting and folding business, these machines are important.
2-Whole paper business works with support of these paper folders.
3-Nowadays, these paper folding machines are mostly relevant in publishing, printing and other similar reasons. These organizations completely rely on these wonderful machines.
4-In special and formal offices, these folding apparatus compulsory for arranging sensitive papers and other official paperwork.
5-This technical machinery has capability of doing so numerous jobs at the same time like folding arranging and delivering papers.
6-In these days, in hospitals, industries and other skilled areas, these items are used for building up huge layers of beneficial papers.
Common and Expected Advantages:-
Essentially, these machines have so many functions and advantages, which provide several essential services to end users. Few advantages are
Less Time Consuming:-
In early times, traditional machines consumed huge time for folding papers, but now situations are different. In present age, glorious and quicker paper folders can give outstanding outcomes within mints and hours. In short,these folding brands preserve much time in folding papers.
Accuracy and Perfection:-
These machines give ideal and precise outcomes in paper folding tasks. Numerous latest brands have several folding types like single fold, double fold, Z fold, C fold and some others. The dimension of these latest products is quite appreciated and interesting, while weight of such folders is extremely regular just 11Kg.
Great Efficiency:-
Paper folding machines have greater and much more exact efficiency than other types of folders. In these days, hundreds of types, designs and sizes| of these machines are available in markets.
Huge Capacity:-
Packing and assembling capability of these folders are quite greater, brilliant and outstanding. They can fold hundreds of papers just in mints without delivering any error or deficiency.
Working of Machines:-
Usually, working of these machines is fairly easy, but it is entirely logical.
Pulling and Folding Papers:-
In preliminary stage, these folders drag and pull papers with greater pressure. This air pressure helps a lot in pulling layers of papers. After getting papers, these machines start folding and putting papers in standard and rational preparations.
Inserting and Sealing:-
Paper folding machines perform inserting and sealing procedure quicker and precisely. Paper folders automatically seal envelopes of delicate and significant papers.
About the Author
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Vertical Packaging Machine - AV-31
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