Homework Answers
| Straight Line, Partial year depreciation | |||||
| Choose numerator | / | Choose denominator | = | Annual Depreciation | |
| Depreciable Base | / | Useful life | = | Annual Depreciation | |
| 270000-27000 = 243000 | / | 5 | = | 48600 | |
| Year | Annual Depreciation | * | Fraction of year | = | Depreciation |
| 2014 | 48600 | * | 9/12 | = | 36450 |
| 2015 | 48600 | * | 12/12 | = | 48600 |
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1.00 points On April 1, 2014, Cyclone's Backhoe Co purchases a trencher for $270,000. The machine...
Tine Tollowing Information applies to the questions displayed below.) On April 1, 2016, Cyclone's Backhoe Co. purchases...
Tine Tollowing Information applies to the questions displayed below.) On April 1, 2016, Cyclone's Backhoe Co. purchases a trencher for $280,000. The machine is expected to last five years and have a salvage value of $40,000. Exercise 8-11 Straight-line, partial-year depreciation LO C2 Compute depreciation expense for both years ending December 2016 and 2017 assuming the company uses the straight-line method. Choose Numerator: Choose Denominator: - = Annual Depreciation Annual depreciation F raction of Year = Depreciation Expense Year Annual...
Required information [The following information applies to the questions displayed below.) On April 1, Cyclone's Co....
Required information [The following information applies to the questions displayed below.) On April 1, Cyclone's Co. purchases a trencher for $282,000. The machine is expected to last five years and have a salvage value of $41,000. Compute depreciation expense at December 31 for the first and second year assuming the company uses the straight-line method. Choose Numerator: 1 Choose Denominator: Annual Depreciation Annual depreciation Year Annual Depreciation x Fraction of Year Depreciation Expense First year Second year
On April 1, 2016, Cyclone's Backhoe Co. purchases a trencher for $294,000. The machine is expected...
On April 1, 2016, Cyclone's Backhoe Co. purchases a trencher for $294,000. The machine is expected to last five years and have a salvage value of $47,000. Exercise 8-12 Double-declining-balance, partial-year depreciation LO C2 Compute depreciation expense for both years ending December 2016 and 2017 assuming the company uses the double-declining-balance method. (Enter all amounts positive values.) End of Period Depreciation for the Period Beginning of Depreciation Partial Depreciation Annual Period Period Book Value Rate Expense 2016 2017 Accumulated Depreciation...
Required information (The following information applies to the questions displayed below.) On April 1, Cyclone's Co. pu...
Required information (The following information applies to the questions displayed below.) On April 1, Cyclone's Co. purchases a trencher for $304,000. The machine is expected to last five years and have a salvage value of $52,000. Compute depreciation expense at December 31 for the first and second year assuming the company uses the straight-line method. Choose Numerator: Choose Denominator: Annual Depreciation Annual depreciation = = = - 5 Year Annual Depreciation X Fraction of Year Depreciation Expense First year 3/12...
Half of #12 are correct value: 1.00 points On April 1, 2014, Cyclone's Backhoe Co. purchases...
Half of #12 are correct
value: 1.00 points On April 1, 2014, Cyclone's Backhoe Co. purchases a trencher for $283,000. The machine is expected to last five years and have a salvage value of $37.000. Compute depreciation expense for both years ending December 2014 and 2015 assuming the company uses the double-declining-balance method. Double-declining-balance, partial-year depreciation Depreciation for the Period End of Period Beginning of Annual Period Period Book Deprec Depreciation Partial Depreciation Accumulated Rate Year Value Expense Book Value...
N 1.00 points Tory Enterprises pays $240,000 for equipment that will last five years and have...
N 1.00 points Tory Enterprises pays $240,000 for equipment that will last five years and have a 544,700 salage valu By using the equipment in its operations for five years, the company expects to earn $80,000 annually ste deducting al expenses except depreciation (Round your answers to the nearest whole dollar) Calculate annual depreciation expenses using double-declining-balance method. Depreciation for the Period End of Period Beginning of Period Book Depreciation Annual Accumulated Rate Depreciation De Value Depreciation Depreciation Book Value...
value 1.00 points In early January 2015, New Tech purchases computer equipment for $158,000 to use in operating a...
value 1.00 points In early January 2015, New Tech purchases computer equipment for $158,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $27.000 Prepare a table showing depreciation and book value for each of the four years assuming double-declining balance depreciation. Double-declining-balance depreciation Depreciation for the Period End of Period Beginning-Year Depreciation Annual Accumulated Year-End Book Book Value Rate Depreciation Depreciation Value 2015 2016 2017 2018 Total 7. value 1.00 points...
Required information Use the following information for the Exercises below. [The following information applies to the qu...
Required information
Use the following information for the Exercises
below.
[The following information applies to the questions
displayed below.]
On April 1, 2016, Cyclone's Backhoe Co. purchases a trencher for
$312,000. The machine is expected to last five years and have a
salvage value of $56,000.
Exercise 10-11 Straight-line, partial-year depreciation
LO C2
Compute depreciation expense for both years ending December 2016
and 2017 assuming the company uses the straight-line method.
Choose Numerator: Choose Denominator: Annual Depreciation = Annual...
Chapter 08 Homework i Saved 00 L Required information [The following information applies to the questions...
Chapter 08 Homework i Saved 00 L Required information [The following information applies to the questions displayed below.) Part 1 of 2 On April 1, 2017, Cyclone's Backhoe Co. purchases a trencher for $290,000. The machine is expected to last five years and have a salvage value of $45,000. points Compute depreciation expense for both years ending December 2017 and 2018 assuming the company uses the straight-line method. eBook Choose Numerator: 1 Choose Denominator: = = Annual Depreciation Annual depreciation...
Required information Use the following information for the Exercises below. [The following information applies to the...
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.) On April 1, Cyclone's Co. purchases a trencher for $286,000. The machine is expected to last five years and have a salvage value of $43,000. Exercise 8-11 Straight-line, partial-year depreciation LO C2 Compute depreciation expense at December 31 for the first and second year assuming the company uses the straight-line method. Choose Numerator: Choose Denominator: = Annual Depreciation Annual depreciation 111...
Tine Tollowing Information applies to the questions displayed below.) On April 1, 2016, Cyclone's Backhoe Co. purchases a trencher for $280,000. The machine is expected to last five years and have a salvage value of $40,000. Exercise 8-11 Straight-line, partial-year depreciation LO C2 Compute depreciation expense for both years ending December 2016 and 2017 assuming the company uses the straight-line method. Choose Numerator: Choose Denominator: - = Annual Depreciation Annual depreciation F raction of Year = Depreciation Expense Year Annual...
Required information [The following information applies to the questions displayed below.) On April 1, Cyclone's Co. purchases a trencher for $282,000. The machine is expected to last five years and have a salvage value of $41,000. Compute depreciation expense at December 31 for the first and second year assuming the company uses the straight-line method. Choose Numerator: 1 Choose Denominator: Annual Depreciation Annual depreciation Year Annual Depreciation x Fraction of Year Depreciation Expense First year Second year
On April 1, 2016, Cyclone's Backhoe Co. purchases a trencher for $294,000. The machine is expected to last five years and have a salvage value of $47,000. Exercise 8-12 Double-declining-balance, partial-year depreciation LO C2 Compute depreciation expense for both years ending December 2016 and 2017 assuming the company uses the double-declining-balance method. (Enter all amounts positive values.) End of Period Depreciation for the Period Beginning of Depreciation Partial Depreciation Annual Period Period Book Value Rate Expense 2016 2017 Accumulated Depreciation...
Required information (The following information applies to the questions displayed below.) On April 1, Cyclone's Co. purchases a trencher for $304,000. The machine is expected to last five years and have a salvage value of $52,000. Compute depreciation expense at December 31 for the first and second year assuming the company uses the straight-line method. Choose Numerator: Choose Denominator: Annual Depreciation Annual depreciation = = = - 5 Year Annual Depreciation X Fraction of Year Depreciation Expense First year 3/12...
Half of #12 are correct
value: 1.00 points On April 1, 2014, Cyclone's Backhoe Co. purchases a trencher for $283,000. The machine is expected to last five years and have a salvage value of $37.000. Compute depreciation expense for both years ending December 2014 and 2015 assuming the company uses the double-declining-balance method. Double-declining-balance, partial-year depreciation Depreciation for the Period End of Period Beginning of Annual Period Period Book Deprec Depreciation Partial Depreciation Accumulated Rate Year Value Expense Book Value...
N 1.00 points Tory Enterprises pays $240,000 for equipment that will last five years and have a 544,700 salage valu By using the equipment in its operations for five years, the company expects to earn $80,000 annually ste deducting al expenses except depreciation (Round your answers to the nearest whole dollar) Calculate annual depreciation expenses using double-declining-balance method. Depreciation for the Period End of Period Beginning of Period Book Depreciation Annual Accumulated Rate Depreciation De Value Depreciation Depreciation Book Value...
value 1.00 points In early January 2015, New Tech purchases computer equipment for $158,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $27.000 Prepare a table showing depreciation and book value for each of the four years assuming double-declining balance depreciation. Double-declining-balance depreciation Depreciation for the Period End of Period Beginning-Year Depreciation Annual Accumulated Year-End Book Book Value Rate Depreciation Depreciation Value 2015 2016 2017 2018 Total 7. value 1.00 points...
Required information
Use the following information for the Exercises
below.
[The following information applies to the questions
displayed below.]
On April 1, 2016, Cyclone's Backhoe Co. purchases a trencher for
$312,000. The machine is expected to last five years and have a
salvage value of $56,000.
Exercise 10-11 Straight-line, partial-year depreciation
LO C2
Compute depreciation expense for both years ending December 2016
and 2017 assuming the company uses the straight-line method.
Choose Numerator: Choose Denominator: Annual Depreciation = Annual...
Chapter 08 Homework i Saved 00 L Required information [The following information applies to the questions displayed below.) Part 1 of 2 On April 1, 2017, Cyclone's Backhoe Co. purchases a trencher for $290,000. The machine is expected to last five years and have a salvage value of $45,000. points Compute depreciation expense for both years ending December 2017 and 2018 assuming the company uses the straight-line method. eBook Choose Numerator: 1 Choose Denominator: = = Annual Depreciation Annual depreciation...
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.) On April 1, Cyclone's Co. purchases a trencher for $286,000. The machine is expected to last five years and have a salvage value of $43,000. Exercise 8-11 Straight-line, partial-year depreciation LO C2 Compute depreciation expense at December 31 for the first and second year assuming the company uses the straight-line method. Choose Numerator: Choose Denominator: = Annual Depreciation Annual depreciation 111...
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