Exercise 9-6
Rottino Company purchased a new machine on October 1, 2015, at a cost of $121,800. The company estimated that the machine will have a salvage value of $10,400. The machine is expected to be used for 10,400 working hours during its 5-year life.
Compute the depreciation expense under straight-line method for 2015. (Round answer to 0 decimal places, e.g. 2,125.)
Compute the depreciation expense under units-of-activity for 2015, assuming machine usage was 1,500 hours. (Round per hour value to 2 decimal places, e.g. 21.25 and final answer to 0 decimal places, e.g. 2,125.)
Compute the depreciation expense under declining-balance using double the straight-line rate for 2015 and 2016. (Round answers to 0 decimal places, e.g. 2,125.)
a) 2015 Dep (Straight line) = (121800-10400/5)*3/12 = 5570
b) 2015 Dep (Unit of production) = (121800-10400)/10400 = 10.71*1500 = 16065
c) Double decline balance = 100/5*2 = 40%
2015 | 2016 | |
Double decline balance | 121800*40%*3/12 = 12180 | 121800*40%*9/12+121800*60%*40%*3/12 = 43848 |
Exercise 9-6 Rottino Company purchased a new machine on October 1, 2015, at a cost of...
DACR Exercise 9-6 (Part Level Submission) Rottino Company purchased a new machine on October 1, 2015, at a cost of $145,500. The company estimated that the machine will have a salvage value of $14,900. The machine is expected to be used for 11,000 working hours during its 5-year life. (a) Your answer is correct. Compute the depreciation expense under straight-line method for 2015. (Round answer to O decimal places, e.g. 2,125.) 2015 Straight-line method 6,530 SHOW SOLUTION SHOW ANSWER LINK...
Exercise 9-6 Blossom Company purchased a new machine on October 1, 2019,, at a cost of $135,000. The company estimated that the machine will have a salvage value of $20,500. The machine is expected to be used for 10,000 working hours during its 4-year life. Compute the depreciation expense under straight-line method for 2019. (Round answer to o decimal places, e.g. 2,125.) 2019 Depreciation expense LINK Tο TE VIDEO: SIMILAR EXERCISE Compute the depreciation expense under units-of-activity for 2019, assuming...
Exercise 10-06 a-c Sarasota Company purchased a new machine on October 1, 2020, at a cost of $113,500. The company estimated that the machine will have a salvage value of $13,500. The machine is expected to be used for 10,000 working hours during its 5-year life. Compute the depreciation expense under straight-line method for 2020. (Round answer to 0 decimal places, e.g. 2,125.) 2020 Depreciation expenses LINK TO TEXT Compute the depreciation expense under units-of-activity for 2020, assuming machine usage...
Cullumber Company purchased a new machine on October 1,2019, at a cost of $110,000. The company estimated that the machine will have a salvage value of $10,000. The machine is expected to be used for 10,000 working hours during its 4-year life Compute the depreciation expense under straight-line method for 2019. (Round answer to O decimal places, e.g. 2,125.) 2019 Depreciation expense Compute the depreciation expense under units-of-activity for 2019, assuming machine usage was 1,500 hours. (Round depreciable cost per...
Skysong, Inc. purchased a new machine on October 1, 2020, at a cost of $118,000. The company estimated that the machine will have a salvage value of $12,000. The machine is expected to be used for 10,000 working hours during its 5-year life. Compute the depreciation expense under straight-line method for 2020. (Round answer to O decimal places, eg. 2,125.) 2019 $ Depreciation expense eTextbook and Media Compute the depreciation expense under units-of-activity for 2020, assuming machine usage was 1,610...
Novak Company purchased a new machine on October 1, 2020, at a cost of $110,100. The company estimated that the machine will have a salvage value of $10,100. The machine is expected to be used for 10,000 working hours during its 4-year life. (b) Compute the depreciation expense under units-of-activity for 2020, assuming machine usage was 1,610 hours. (Round intermediate calculations to 1 decimal place, e.g.10.1 and final answer to 0 decimal places, e.g. 2,125.) Depreciation expense $
Oriole Company purchased a new machine on October 1,2019,at a cost of $132,000. The company estimated that the machine will have a salvage value of $19,000. The machine is expected to be used for 10,000 working hours during its 5-year life. Compute the depreciation expense under straight-line method for 2019. (Round answer to O decimal places, e.g.2,125.) 2019 Depreciation expense
Novak Company purchased a new machine on October 1, 2020, at a cost of $110,100. The company estimated that the machine will have a salvage value of $10,100. The machine is expected to be used for 10,000 working hours during its 4-year life. (a) New attempt is in progress. Some of the new entries may impact the last attempt grading.Your answer is incorrect. Compute the depreciation expense under straight-line method for 2020. (Round answer to 0 decimal places, e.g. 2,125.)...
Exercise 9-20 Sunland Company purchased a new machine on October 1, 2017, at a cost of $86,600. The company estimated that the machine has a salvage value of $8,400. The machine is expected to be used for 65,700 working hours during its 8-year life. Compute depreciation using the following methods in the year indicated. Declinng-balance using double the straight-line rate for 2017 and 2018. (Round answers to 0 decimal places, e.g. 125) 2017 2018 Depreciation using the Declining-balance method s...
Cullumber Company purchased a new machine on October 1, 2022, at a
cost of $66,000. The company estimated that the machine has a
salvage value of $7,140. The machine is expected to be used for
72,000 working hours during its 6-year life.
Compute the depreciation expense under the straight-line method for
2022 and 2023, assuming a December 31 year-end. (Round
answers to 2 decimal places, e.g. 5,275.25.)
Exercise 9-05 Cullumber Company purchased a new machine on October 1, 2022, at...