Speedy delivery company purchases a delivery van for $36,000. speedy estimates that at the end of its four-year service life, the van will be worth $6,400. during the four-year period, the company expects to drive the van 148,000 miles. actual miles driven each year were 40,000 miles in year 1 and 46,000 miles in year 2.
required:
calculate annual depreciation for the first two years of the van using each of the following methods. (do not round your intermediate calculations.)
1. straight line
2. double-declining-balance

Moody corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. at the beginning of the year, the company made the following estimates: machine-hours required to support estimated production 100,000 fixed manufacturing overhead cost $ 650,000 variable manufacturing overhead cost per machine-hour $ 3.00 required: 1. compute the plantwide predetermined overhead rate. 2. during the year, job 400 was started and completed. the following information was available with respect to this job: direct materials $ 450 direct labor cost $ 210 machine-hours used 40