Homework Answers
a) Depreciation expense for 2020 = (1494000-139200/4)*9/12 = 254025
b) Depreciation expense for 2021 = 1494000*50%*3/12+1494000*50%*50%*9/12 = 466875
c) Depreciation expense for 2021 = 1354800*4/10*3/12+1354800*3/10*9/12 = 440310
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Testbank Exercise 130 A machine cost $1,494,000 on April 1,...
Return to Blackboard JS Keso Sustermediate Accounting, 17e Question 18 A machine cost $1,276,000 on April...
Return to Blackboard JS Keso Sustermediate Accounting, 17e Question 18 A machine cost $1,276,000 on April 1, 2020. Its estimated salvage value is $118,000 and its expected life is 4 years. Calculate the depreciation expense by straight-line for 2020. (Round answer to 0 decimal places, e.g. 5,275.) Depreciation expense Calculate the depreciation expense by double-declining balance for 2021. (Round answer to 0 decimal places, e.g. 5,275.) Depreciation expense Calculate the depreciation expense by sum-of-the-years'-digits for 2021. (Round answer to 0...
Exercise 10-06 a-c Sarasota Company purchased a new machine on October 1, 2020, at a cost...
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...
Exercise 11-03 Novak Company purchased a new plant asset on April 1, 2020, at a cost...
Exercise 11-03
Novak Company purchased a new plant asset on April 1, 2020, at a
cost of $786,000. It was estimated to have a service life of 20
years and a salvage value of $67,800. Novak’ accounting period is
the calendar year
Compute the depreciation for this asset for 2020 and 2021 using
the sum-of-the-years'-digits method. (Round answers to
0 decimal places, e.g. 45,892.)
Depreciation for 2020
$enter a dollar amount
Depreciation for 2021
$enter a dollar amount
Compute the...
Exercise 11-3 Buffalo Company purchased a new plant asset on April 1, 2017, at a cost...
Exercise 11-3 Buffalo Company purchased a new plant asset on April 1, 2017, at a cost of $867,420. It was estimated to have a service life of 20 years and a salvage value of $73,200. Buffalo's accounting period is the calendar year. x] Your answer is incorrect. Try again. Compute the depreciation for this asset for 2017 and 2018 using the sum-of-the-years'-digits method. (Round answers to 0 decimal places, e.g. 45,892.) Depreciation for 2017 ne pr . Depreciation for 2018...
Question 1 Kingbird Company purchased machinery on January 1, 2020, for $96,800. The machinery is estimated...
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...
Marigold Company purchased a new plant asset on April 1, 2020, at a cost of $723,000....
Marigold Company purchased a new plant asset on April 1, 2020,
at a cost of $723,000. It was estimated to have a service life of
20 years and a salvage value of $59,400. Marigold’ accounting
period is the calendar year.
Compute the depreciation for this asset for 2020 and 2021 using
the sum-of-the-years'-digits method. (Round answers to
0 decimal places, e.g. 45,892.)
Depreciation for 2020
$enter a dollar Amountt
Depreciation for 2021
Compute the depreciation for this asset for 2020...
Whispering Company purchased a new plant asset on April 1, 2020, at a cost of $744,000....
Whispering Company purchased a new plant asset on April 1, 2020, at a cost of $744,000. It was estimated to have a service life of 20 years and a salvage value of $51,000. Whispering’ accounting period is the calendar year. Compute the depreciation for this asset for 2020 and 2021 using the sum-of-the-years'-digits method. (Round answers to 0 decimal places, e.g. 45,892.) Depreciation for 2020 $ enter a dollar amount Depreciation for 2021 $ enter a dollar amount eTextbook and...
Bonita Company purchased a new plant asset on April 1, 2020, at a cost of $738,000....
Bonita Company purchased a new plant asset on April 1, 2020, at a cost of $738,000. It was estimated to have a service life of 20 years and a salvage value of $53,400. Bonita' accounting period is the calendar year. Compute the depreciation for this asset for 2020 and 2021 using the sum-of-the-years'-digits method. (Round answers to O decimal places, e.g. 45,892.) Depreciation for 2020 $ Depreciation for 2021 $ e Textbook and Media Compute the depreciation for this asset...
Brief Exercise 11-3 Oriole Company purchased machinery on January 1, 2017, for $90,400. The machinery is estimated to ha...
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...
Nash Company purchased a new plant asset on April 1, 2017, at a cost of $824,760....
Nash Company purchased a new plant asset on April 1, 2017, at a cost of $824,760. It was estimated to have a service life of 20 years and a salvage value of $69,600. Nash's accounting period is the calendar year Your answer is incorrect. Try again Compute the depreciation for this asset for 2017 and 2018 using the sum-of-the-years'-digits method. (Round answers to 0 decimal places, e.g. 45,892.) Depreciation for 2017 83940 Depreciation for 2018 68324 LINK TO TEXT Your...
Return to Blackboard JS Keso Sustermediate Accounting, 17e Question 18 A machine cost $1,276,000 on April 1, 2020. Its estimated salvage value is $118,000 and its expected life is 4 years. Calculate the depreciation expense by straight-line for 2020. (Round answer to 0 decimal places, e.g. 5,275.) Depreciation expense Calculate the depreciation expense by double-declining balance for 2021. (Round answer to 0 decimal places, e.g. 5,275.) Depreciation expense Calculate the depreciation expense by sum-of-the-years'-digits for 2021. (Round answer to 0...
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...
Exercise 11-03
Novak Company purchased a new plant asset on April 1, 2020, at a
cost of $786,000. It was estimated to have a service life of 20
years and a salvage value of $67,800. Novak’ accounting period is
the calendar year
Compute the depreciation for this asset for 2020 and 2021 using
the sum-of-the-years'-digits method. (Round answers to
0 decimal places, e.g. 45,892.)
Depreciation for 2020
$enter a dollar amount
Depreciation for 2021
$enter a dollar amount
Compute the...
Exercise 11-3 Buffalo Company purchased a new plant asset on April 1, 2017, at a cost of $867,420. It was estimated to have a service life of 20 years and a salvage value of $73,200. Buffalo's accounting period is the calendar year. x] Your answer is incorrect. Try again. Compute the depreciation for this asset for 2017 and 2018 using the sum-of-the-years'-digits method. (Round answers to 0 decimal places, e.g. 45,892.) Depreciation for 2017 ne pr . Depreciation for 2018...
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...
Marigold Company purchased a new plant asset on April 1, 2020,
at a cost of $723,000. It was estimated to have a service life of
20 years and a salvage value of $59,400. Marigold’ accounting
period is the calendar year.
Compute the depreciation for this asset for 2020 and 2021 using
the sum-of-the-years'-digits method. (Round answers to
0 decimal places, e.g. 45,892.)
Depreciation for 2020
$enter a dollar Amountt
Depreciation for 2021
Compute the depreciation for this asset for 2020...
Bonita Company purchased a new plant asset on April 1, 2020, at a cost of $738,000. It was estimated to have a service life of 20 years and a salvage value of $53,400. Bonita' accounting period is the calendar year. Compute the depreciation for this asset for 2020 and 2021 using the sum-of-the-years'-digits method. (Round answers to O decimal places, e.g. 45,892.) Depreciation for 2020 $ Depreciation for 2021 $ e Textbook and Media Compute the depreciation for this asset...
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...
Nash Company purchased a new plant asset on April 1, 2017, at a cost of $824,760. It was estimated to have a service life of 20 years and a salvage value of $69,600. Nash's accounting period is the calendar year Your answer is incorrect. Try again Compute the depreciation for this asset for 2017 and 2018 using the sum-of-the-years'-digits method. (Round answers to 0 decimal places, e.g. 45,892.) Depreciation for 2017 83940 Depreciation for 2018 68324 LINK TO TEXT Your...
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