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Equipment was purchased for $80800 on January 1, 2021. Freight charges amounted to $2600 and there...
Equipment was purchased for $87100 on January 1, 2021. Freight charges amounted to $200 and there...
Equipment was purchased for $87100 on January 1, 2021. Freight charges amounted to $200 and there was a cost of $8000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $15000 salvage value at the end of year usul life. What is the amount of acumulated depreciation at December 31, 2022 if the straight-line method of depreciation is used? $16500 $15340 $29020 533000
Equipment was purchased for $87000 on January 1, 2021. Freight charges amounted to $2400 and there...
Equipment was purchased for $87000 on January 1, 2021. Freight
charges amounted to $2400 and there was a cost of $10000 for
building a foundation and installing the equipment. It is estimated
that the equipment will have a $16000 salvage value at the end of
its 5-year useful life. What is the amount of accumulated
depreciation at December 31, 2022 if the straight-line method of
depreciation is used?
$33360.
$14920.
$28800.
$16680.
Equipment was purchased for $145000. Freight charges amounted to $5000 and there was a cost of...
Equipment was purchased for $145000. Freight charges amounted to $5000 and there was a cost of $25000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $38000 salvage value at the end of its 5-year useful life. Depreciation Expense each year using the straight-line method will be $27400. $23000. $21400. $35000.
equipment was purchased for $86,300 on January 1, 2016. Freight charges amounted yo $3,800 and there...
equipment was purchased for $86,300 on January 1, 2016.
Freight charges amounted yo $3,800 and there was a cost of $12,000
for building a foundation and installing the equipment. It is
estimated that the equipment will have $22,000 salvage value at the
end of its 5 year useful life. What is the amount of accumulated
depreciation at December 31, 2017, if the straight-line method of
depreciation is used?
Multiple Choice Question 205 A company purchased factory equipment for 1400000. It...
Equipment was purchased for $301000. Freight charges amounted to $14900 and there was a cost of $40500 for bui...
Equipment was purchased for $301000. Freight charges amounted to $14900 and there was a cost of $40500 for building a foundation and installing the equipment. It is estimated that the equipment will have a $59800 salvage value at the end of its 5-year useful life. Depreciation expense each year using the straight-line method will be $59320 $48240 $71280 $49120 A company purchased office equipment for $36000 and estimated a salvage value of $8000 at the end of its 20-year useful...
107. Porter Company purchased equipment for $450,000 on January 1, 2007, and will use the double-declining-balance...
107. Porter Company purchased equipment for $450,000 on January 1, 2007, and will use the double-declining-balance method of depreciation. It is estimated that the equipment will have a 3-year life and a $20,000 salvage value at the end of its useful life. The amount of depreciation expense recognized in the year 2009 will be a. $50,000. b. $30,000. c. $54,440. d. $34,440. 108. A plant asset was purchased on January 1 for $50,000 with an estimated salvage value of $10,000...
On July 1, 2022, Blossom Company sells equipment for $119000. The equipment originally cost $320000, had...
On July 1, 2022, Blossom Company sells equipment for $119000.
The equipment originally cost $320000, had an estimated 5-year life
and an expected salvage value of $50000. The Accumulated
Depreciation account had a balance of $189000 on January 1, 2022,
using the straight-line method. The gain or loss on disposal is
$12000 gain.
$15000 gain.
$15000 loss.
$12000 loss.
please help with these accouting questions! pane 15. Machinery was purchased for $340,000. Freight charges amounted...
please help with these accouting questions!
pane 15. Machinery was purchased for $340,000. Freight charges amounted to $14,000 and there was a cost of $40,000 for building a foundation and installing the machinery. It is estimated that the machinery will have a $60,000 salvage value at the end of its 5-year useful life. Depreciation expense each year using the straight-line method will be A) $78,800. B) $66,800. C) $57,200. D) $56,000. 16. A company sells a plant asset that originally...
Blossom Company purchased equipment on January 1 at a list price of $100000, with credit terms...
Blossom Company purchased equipment on January 1 at a list price of $100000, with credit terms 2/10, n/30. Payment was made within the discount period. Blossom paid $3000 sales tax on the equipment and pal installation charges of $1500. Prior to installation, Blossom paid $3000 to pour a concrete slab on which to place the equipment. What is the total cost of the new equipment? $107500 $105500 $100000 $103000. Click if you would like to Show Work for this question:...
Equipment was purchased for $140000. Kimmel, Accounting, 6e S OF ACCOUNTING (ACCT 2101, 2102, Assignment Gradebook...
Equipment was purchased for $140000.
Kimmel, Accounting, 6e S OF ACCOUNTING (ACCT 2101, 2102, Assignment Gradebook ORION Downloadable eTextbook Question 15 Equipment was purchased for $1405oo. Freight charges amounted to $7000 and there was a cost of $17000 for building a foundation and installing the equipment. It s estimated that the equipment will have a $34000 salvage value at the end of its S-year useful life. Depreciation Expense each year using the straight-line method will be D $32800. D $21200...
Equipment was purchased for $87100 on January 1, 2021. Freight charges amounted to $200 and there was a cost of $8000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $15000 salvage value at the end of year usul life. What is the amount of acumulated depreciation at December 31, 2022 if the straight-line method of depreciation is used? $16500 $15340 $29020 533000
Equipment was purchased for $87000 on January 1, 2021. Freight
charges amounted to $2400 and there was a cost of $10000 for
building a foundation and installing the equipment. It is estimated
that the equipment will have a $16000 salvage value at the end of
its 5-year useful life. What is the amount of accumulated
depreciation at December 31, 2022 if the straight-line method of
depreciation is used?
$33360.
$14920.
$28800.
$16680.
equipment was purchased for $86,300 on January 1, 2016.
Freight charges amounted yo $3,800 and there was a cost of $12,000
for building a foundation and installing the equipment. It is
estimated that the equipment will have $22,000 salvage value at the
end of its 5 year useful life. What is the amount of accumulated
depreciation at December 31, 2017, if the straight-line method of
depreciation is used?
Multiple Choice Question 205 A company purchased factory equipment for 1400000. It...
Equipment was purchased for $301000. Freight charges amounted to $14900 and there was a cost of $40500 for building a foundation and installing the equipment. It is estimated that the equipment will have a $59800 salvage value at the end of its 5-year useful life. Depreciation expense each year using the straight-line method will be $59320 $48240 $71280 $49120 A company purchased office equipment for $36000 and estimated a salvage value of $8000 at the end of its 20-year useful...
On July 1, 2022, Blossom Company sells equipment for $119000.
The equipment originally cost $320000, had an estimated 5-year life
and an expected salvage value of $50000. The Accumulated
Depreciation account had a balance of $189000 on January 1, 2022,
using the straight-line method. The gain or loss on disposal is
$12000 gain.
$15000 gain.
$15000 loss.
$12000 loss.
please help with these accouting questions!
pane 15. Machinery was purchased for $340,000. Freight charges amounted to $14,000 and there was a cost of $40,000 for building a foundation and installing the machinery. It is estimated that the machinery will have a $60,000 salvage value at the end of its 5-year useful life. Depreciation expense each year using the straight-line method will be A) $78,800. B) $66,800. C) $57,200. D) $56,000. 16. A company sells a plant asset that originally...
Blossom Company purchased equipment on January 1 at a list price of $100000, with credit terms 2/10, n/30. Payment was made within the discount period. Blossom paid $3000 sales tax on the equipment and pal installation charges of $1500. Prior to installation, Blossom paid $3000 to pour a concrete slab on which to place the equipment. What is the total cost of the new equipment? $107500 $105500 $100000 $103000. Click if you would like to Show Work for this question:...
Equipment was purchased for $140000.
Kimmel, Accounting, 6e S OF ACCOUNTING (ACCT 2101, 2102, Assignment Gradebook ORION Downloadable eTextbook Question 15 Equipment was purchased for $1405oo. Freight charges amounted to $7000 and there was a cost of $17000 for building a foundation and installing the equipment. It s estimated that the equipment will have a $34000 salvage value at the end of its S-year useful life. Depreciation Expense each year using the straight-line method will be D $32800. D $21200...
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