Solution
Straight line depreciation | ||||
Cost minus salvage | / | Estimated useful life | = | Annual depreciation expense |
$ 79,200.00 | / | 10 | = | $ 7,920.00 |
Year 2 depreciation | $ 7,920.00 | |||
Year end book value (year 2) | $ 70,360.00 |
Working
Straight line Method | ||
A | Cost | $ 86,200 |
B | Residual Value | $ 7,000 |
C=A - B | Depreciable base | $ 79,200 |
D | Life [in years left ] | 10 |
E=C/D | Annual SLM depreciation | $ 7,920.00 |
.
Depreciation schedule-Straight line method | ||||
Year | Book Value | Depreciation expense | Accumulated Depreciation | Ending Book Value |
1 | $ 86,200.00 | $ 7,920.00 | $ 7,920.00 | $ 78,280.00 |
2 | $ 78,280.00 | $ 7,920.00 | $ 15,840.00 | $ 70,360.00 |
Required information Use the following information for the Exercises below. [The following information applies to the...
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below) Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $86,200. The machine's useful life is estimated at 10 years, or 396,000 units of product, with a $7000 salvage value. During its second year, the machine produces 33,600 units of product. Exercise 10-5 Units-of-production depreciation LO P1 Determine the machine's second-year...
3 Check my work 2 ! Required information Part 1 of 2 Use the following information for the Exercises below. [The following information applies to the questions displayed below] 1.66 polnts Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $86,200. The machine's useful life is estimated at 10 years, or 396,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 33,600 units...
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below] Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $80,600. The machine's useful life is estimated at 10 years, or 388,000 units of product, with a $3,000 salvage value. During its second year, the machine produces 32,800 units of product. Exercise 8-4 Straight-line depreciation LO P1 Determine the machine's second-year...
Required information Use the following information for the Exercises below. The following information applies to the questions displayed below 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 Exercise 8-4 Straight-line depreciation LO P1 Determine the machine's second-year...
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below) Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $48,400. The machine's useful life is estimated at 10 years, or 394,000 units of product, with a $9,000 salvage value. During its second year, the machine produces 33,400 units of product. Exercise 8-4 Straight-line depreciation LO P1 Determine the machine's second-year...
Required information Use the following information for the Exercises below. The following information applies to the questions displayed below.] 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. Exercise 8-4 Straight-line depreciation LO P1 Determine the machine's second-year...
Required information Use the following information for the Exercises below. The following information applies to the questions displayed below] 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 10-4 Straight-line depreciation LO P1 Determine the machine's second-year...
Required information Use the following information for the Exercises below. The following information applies to the questions displayed below Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $44,200. The machine's useful life is estimated at 10 years or 392.000 units of product, with a $5,000 salvage value During its second year, the machine produces 33,200 units of product Exercise 8-4 Straight-line depreciation LO P1 Determine the machine's second...
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] 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. Exercise 8-4 Straight-line depreciation LO P1 Determine the machine's second-year...
Check my w Required information Use the following information for the Exercises below. The following information applies to the questions displayed below] of3 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 $7000 salvage value. During its second year, the machine produces 34,500 units of product Book Exercise 10-4 Straight-line depreciation LO...