Homework Answers
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
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On April 1, 2019. Coronado Industries purchased new machinery for $453000. The machinery has an estimated...
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sum-of-the-years'-digits method. The acquisition cost of the
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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...
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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.
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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.
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