Depreciation as per sum of year digit method for year 1:-
=SYD(cost,salvage,life,period)
=SYD(453000,0,5,1)
=151000
Depreciation as per sum of year digit method for year 2:-
=SYD(453000,,5,2)
=120800
Accumulated =151000+1208000 =271800
On April 1, 2019. Coronado Industries purchased new machinery for $453000. The machinery has an estimated...
Current Attempt in Progress On April 1. 2019. Coronado Industries purchased new machinery for $453000. The machinery has an estimated useful life of five years and depreciation is computed by the sum-of-the-yearsgits method. The accumulated depreciation on this machinery at March 31, 2021, should be $271800 $302000 $181200 $151000 kand Media
On January 3, 2016, Bonita Industries purchased machinery. The machinery has an estimated useful life of eight years and an estimated salvage value of $121000. The depreciation applicable to this machinery was $269000 for 2018, computed by the sum-of-the-years'-digits method. The acquisition cost of the machinery was $1452000. $1735000. $1614000. $1927000.
On January 3, 2016, Vaughn Manufacturing purchased machinery. The machinery has an estimated useful life of eight years and an estimated salvage value of $122000. The depreciation applicable to this machinery was $259000 for 2018, computed by the sum-of-the-years'-digits method. The acquisition cost of the machinery was O $1464000. O $1554000 $1676000. $1868000.
1.On January 1, 2020, Bramble Corp. purchased a new machine for $4310000. The new machine has an estimated useful life of nine years and the salvage value was estimated to be $143000. Depreciation was computed using the sum-of-the-years'-digits method. What amount should be shown in Bramble's balance sheet at December 31, 2021, net of accumulated depreciation, for this machine? a.$3476600 b.$4167000 c.$2735800 d.$2643200 2. Sheffield Corp. purchased a depreciable asset for $702000 on April 1, 2018. The estimated salvage value...
Bramble Company purchased machinery on January 1, 2020, for $91,200. The machinery is estimated to have a salvage value of $9,120 after a useful life of 8 years. Compute 2020 depreciation expense using the sum-of-the-years'-digits method. Depreciation expense $ LINK TO TEXT Compute 2020 depreciation expense using the sum-of-the-years'-digits method, assuming the machinery was purchased on April 1, 2020. (Round answer to 0 decimal places, e.g. 5,125.) Depreciation expense
Brief Exercise 11-3 Oriole Company purchased machinery on January 1, 2017, for $90,400. The machinery is estimated to have a salvage value of $9,040 after a useful life of 8 years. Compute 2017 depreciation expense using the sum-of-the-years'-digits method. Depreciation expense $ LINK TO TEXT Compute 2017 depreciation expense using the sum-of-the-years'-digits method, assuming the machinery was purchased on April 1, 2017. (Round answer to 0 decimal places, e.g. 5,125.) Depreciation expense $ Click if you would like to Show...
On January 1, 2017, Oriole Company purchased a new machine for $4220000. The new machine has an estimated useful life of nine years and the salvage value was estimated to be $152000. Depreciation was computed using the sum-of-the-years-digits method. What amount should be shown in Oriole's balance sheet at December 31, 2018, net of accumulated depreciation, for this machine?
Question 1 Kingbird Company purchased machinery on January 1, 2020, for $96,800. The machinery is estimated to have a salvage value of $9,680 after a useful life of 8 years. Compute 2020 depreciation expense using the sum-of-the-years'-digits method. Depreciation expenses LINK TO TEXT Compute 2020 depreciation expense using the sum-of-the-years-digits method, assuming the machinery was purchased on April 1, 2020. (Round answer to 0 decimal places, e.g. 5,125.) Depreciation expenses Click if you would like to Show Work for this...
Coronado Company purchased equipment for $216,240 on October 1, 2017. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $12,240. Estimated production is 40,000 units and estimated working hours are 20,300. During 2017, Coronado uses the equipment for 530 hours and the equipment produces 1,100 units. Compute depreciation expense under the following methods. Coronado is on a calendar-year basis ending December 31. (Round rate per hour and rate per unit...
3.Lockard Company purchased machinery on January 1, 2010 for 80,000. The machinery is estimated to have a salvage value of $8,000 after a useful life of 8 years. A) Compute 2010 depreciation expense using the straight-line method. B) Compute 2010 depreciation using method assuming the machinery was purchased on September 1,2010. 4.Use the information for Lockard Company given in 3. A) Compute 2010 depreciation expense using the sum-of the years ‘-digits method. B) Compute 2010 depreciation expense using the sum-of-the-years’-digits...