Ramirez Company installs a computerized manufacturing machine inits factory at the beginning of the year...
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $45,900. The machine's useful life is estimated at 10 years, or 389,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 32,900 units of product.
Determine the machine’s second-year depreciation and year end book value under the straight-line method.
Homework Answers
Depreciation of the machinery is calculated based on value of the machinery and life of the machinery.
1st year Depreciation = 45,900 - 7000 = 38,900 / 10 = 3,890
2nd year Depreciation also = $3,890 as straight line Depreciation method is applied.
Book value of the machinery after two years = 45,900 - (3,890 + 3890)
= $38,120
Add Answer to:
Ramirez Company installs a computerized manufacturing machine inits factory at the beginning of the year...
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $...
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $45,900. The machine's useful life is estimated at 10 years, or 399,000 units of product, with a $6,000 salvage value. During its second year, the machine produces 33,900 units of product. Determine the machine’s second-year depreciation using the double-declining-balance method.
II Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the...
II Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $84,200. The machine's useful life is estimated at 10 years, or 386,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 32,600 units of product. Exercise 8-4 Straight-line depreciation LO P1 Determine the machine's second-year depreciation and year end book value under the straight-line method. Straight-Line Depreclation Annual Depreciation Expense Choose Numerator: /...
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $86,800.
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $86,800. The machine's useful life is estimated at 20 years, or 404,000 units of product, with a $6,000 salvage value. During its second year, the machine produces 34,400 units of product. Determine the machine's second-year depreciation and year end book value under the straight-line method.
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year...
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $43,500. The machine’s useful life is estimated at 10 years, or 385,000 units of product, with a $5,000 salvage value. During its second year, the machine produces 32,500 units of product. Determine the machine’s second-year depreciation and year end book value under the straight-line method. Straight-Line Depreciation Choose Numerator: / Choose Denominator: = Annual Depreciation Expense / = Depreciation expense...
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year...
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost o $86,800. The machine's useful life is estimated at 20 years, or 404,000 units of product, with a $6,000 salvage value. During its second year, the machine produces 34,400 units of product. Determine the machine's second-year depreciation using the units-of-production method.
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year...
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost $85,400. The machine's useful life is estimated at 20 years, or 402,000 units of product, with a $5,000 salvage value During its second year, the machine produces 34,200 units of product. Determine the machine's second-year depreciation and year end book value under the straight-line method. Straight-Line Depreciation Choose Numerator: Choose Denominator: Annual Depreciation Expense Depreciation expense / Year 2 Depreciation Year...
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year...
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $84,200. The machine's useful life is estimated at 20 years, or 391,000 units of product, with a $6,000 salvage value. During its second year, the machine produces 33,100 units of product Exercise 10-4 Straight-line depreciation LO P1 Determine the machine's second-year depreciation and year end book value under the straight-line method. Straight-Line Depreciation Annual Depreciation Expense Choose Numerator: Choose Denominator:...
7. Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the...
7. Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $43,500. The machine’s useful life is estimated at 10 years, or 385,000 units of product, with a $5,000 salvage value. During its second year, the machine produces 32,500 units of product. Required:Determine the machine’s second-year depreciation under the: straight-line units-of-production Assume that the machine was installed on March 1 of the current year. Using the straight-line method of depreciation,...
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $84,200
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $84,200. The machine's useful life is estimated at 20 years, or 391,000 units of product, with a $6,000 salvage value. During its second year, the machine produces 33,100 units of product.Determine the machine's second-year depreciation using the units-of-production method.
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year...
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $47,500. The machine's useful life is estimated at 10 years, or 405,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 34,500 units of product. Exercise 8-5 Units-of-production depreciation LO P1 Determine the machine's second-year depreciation using the units-of-production method. Units of production Depreciation Choose Denominator: Choose Numerator: Annual Depreciation Expense Depreciation expense per...
II Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $84,200. The machine's useful life is estimated at 10 years, or 386,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 32,600 units of product. Exercise 8-4 Straight-line depreciation LO P1 Determine the machine's second-year depreciation and year end book value under the straight-line method. Straight-Line Depreclation Annual Depreciation Expense Choose Numerator: /...
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost $85,400. The machine's useful life is estimated at 20 years, or 402,000 units of product, with a $5,000 salvage value During its second year, the machine produces 34,200 units of product. Determine the machine's second-year depreciation and year end book value under the straight-line method. Straight-Line Depreciation Choose Numerator: Choose Denominator: Annual Depreciation Expense Depreciation expense / Year 2 Depreciation Year...
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $84,200. The machine's useful life is estimated at 20 years, or 391,000 units of product, with a $6,000 salvage value. During its second year, the machine produces 33,100 units of product Exercise 10-4 Straight-line depreciation LO P1 Determine the machine's second-year depreciation and year end book value under the straight-line method. Straight-Line Depreciation Annual Depreciation Expense Choose Numerator: Choose Denominator:...
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $47,500. The machine's useful life is estimated at 10 years, or 405,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 34,500 units of product. Exercise 8-5 Units-of-production depreciation LO P1 Determine the machine's second-year depreciation using the units-of-production method. Units of production Depreciation Choose Denominator: Choose Numerator: Annual Depreciation Expense Depreciation expense per...
Most questions answered within 3 hours.
-
(Expected rate of return and risk) Carter Inc. is evaluating a
security. Calculate the investment’s expected...
asked 6 minutes ago -
What specific indicators can point to lack of progress for
African Americans in American society?
asked 1 hour ago -
1-The Electrons in a beam are moving at 2.7×108 m/s in an
electric field of 15000...
asked 1 hour ago -
A gas tank is a vertical cylinder. It has a radius of 1m, a
height of...
asked 1 hour ago -
Accent Software faces the following conditions. All of these
support Accent’s use of a market-penetration pricing...
asked 2 hours ago -
A mathematically inclined friend emails you the following
instructions: "Meet me in the cafeteria the first...
asked 2 hours ago -
A monopoly sells in two countries . The demand curves in the two
countries are p1...
asked 3 hours ago -
A .15kg rubber ball is bounced off a wall. Before hitting the
wall, the ball moves...
asked 4 hours ago -
A manufacturing company preparing to build a new plant is
considering three potential locations for it....
asked 4 hours ago -
B. If compound Y has approximately the same values of solubility
in toluene as compound X,...
asked 5 hours ago -
Oscar Inc. has inventory in Japan valued at 39,051,000 Yen one
year ago. One year ago...
asked 5 hours ago -
If Canada suffered from "fundamental disequilibrium," and its
government choose not to devalue its currency, a...
asked 5 hours ago