Depreciation rate per unit = (cost - residual value) / estimated useful operating hours = (156320-3600)/92000 = $1.66
Depreciation for the month = no. of hours tractor operated * depreciation rate per unit = 300 hours * $1.66 = $498
Therefore,
Depreciation = $498
Depreciation by Units-of-activity Method A diesel-powered tractor with a cost of $156,320 and estimated residual value...
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A diesel-powered tractor with a cost of $112,000 and estimated residual value of $8,000 is expected to have a useful operating life of 50,000 hours. During April, the tractor was operated 200 hours. Determine the depreciation for the month. If required, carry out any division to two decimal places.
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UCHI val.UUNIVURer-assignments<akeAssignmentsessionLocator assignment-take&inprogress false eBook Show Me How Calculator Print Item Depreciation by Units-of-activity Method A diesel-powered tractor with a cost of $120,560 and estimated residual value of $7,400 is expected to have a useful operating life of 46,000 hours. During April, the tractor was operated 100 hours. Determine the depreciation for the month. If required, carry out any division to two decimal places. 2:18 PM 11/5/2019
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Chapter 10 Homework Show Me How Calculator Depreciation by Unts of Output Method A diesel powered tractor with a cost of $180,000 and estimated residual value of $18,000 is expected to have a useful operating Me of 36,000 hours. During February, the tractor was operated 156 Determine the depreciation for the month. Carry out any division to two decimal places.
en olgen 7. EX.09-03.ALGO (Algorithmic) Determining Cost of Land Fastball Delivery Company acquired an adjacent lot to construct a new warehouse, paying $36,000 and giving a short-term note for $336,000. Legal fees paid were $1,675, delinquent taxes assumed were $14, 100, and fees paid to remove an old building from the land were $16,600. Materials salvaged from the demolition of the building were sold for $5,600. A contractor was paid $1,130,900 to construct a new warehouse. Determine the cost of...
1) Units-of-activity Depreciation A truck acquired at a cost of $310,000 has an estimated residual value of $19,600, has an estimated useful life of 44,000 miles, and was driven 3,500 miles during the year. Determine the following. If required, round your answer for the depreciation rate to two decimal places. (a) The depreciable cost $ (b) The depreciation rate $ per mile (c) The units-of-activity depreciation for the year $ 2) Depreciation by Two Methods A Kubota tractor acquired on...