Unit 2 11-4
Splish Company purchased machinery on January 1, 2017, for $96,800. The machinery is estimated to have a salvage value of $9,680 after a useful life of 8 years.
Compute 2017 depreciation expense using the
double-declining-balance method.
Depreciation expense | $ |
Compute 2017 depreciation expense using the double-declining-balance method, assuming the machinery was purchased on October 1, 2017. (Round answer to 0 decimal places, e.g. 5,125.)
Depreciation expense
$
Unit 2 11-4 Splish Company purchased machinery on January 1, 2017, for $96,800. The machinery is...
unit 2 11-2 Sweet Company purchased machinery on January 1, 2017, for $96,800. The machinery is estimated to have a salvage value of $9,680 after a useful life of 8 years. Compute 2017 depreciation expense using the straight-line method. Depreciation expense $ Compute 2017 depreciation expense using the straight-line method assuming the machinery was purchased on September 1, 2017. Depreciation expense $
Novak Company purchased machinery on January 1, 2017, for $97,600. The machinery is estimated to have a salvage value of $9,760 after a useful life of 8 years. Compute 2017 depreciation expense using the double-declining-balance method. Depreciation expense $ LINK TO TEXT Compute 2017 depreciation expense using the double-declining-balance method, assuming the machinery was purchased on October 1, 2017. (Round answer to 0 decimal places, e.g. 5,125.) Depreciation expense $ Click if you would like to Show Work for this...
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...
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...
Pina Company purchased machinery for $176,400 on January 1, 2017. It is estimated that the machinery will have a useful life of 20 years, salvage value of $14,700, production of 91,400 units, and working hours of 40,900. During 2017, the company uses the machinery for 11,452 hours, and the machinery produces 11,882 units. Compute depreciation under the straight-line, units-of-output, working hours, sum-of-the-years’-digits, and double-declining-balance methods. (Round intermediate calculations to 5 decimal places, e.g. 1.56487 and final answers to 0 decimal...
3.Lockard Company purchased machinery on January 1, 2010 for 80,000. The machinery is estimated to have a salvage value of $8,000 after a useful life of 8 years. A) Compute 2010 depreciation expense using the straight-line method. B) Compute 2010 depreciation using method assuming the machinery was purchased on September 1,2010. 4.Use the information for Lockard Company given in 3. A) Compute 2010 depreciation expense using the sum-of the years ‘-digits method. B) Compute 2010 depreciation expense using the sum-of-the-years’-digits...
Question 9 Carla Company purchased machinery for $161,700 on January 1, 2017. It is estimated that the machinery will have a useful life of 20 years, salvage value of $14,700, production of 80,400 units, and working hours of 46,200. During 2017, the company uses the machinery for 21,714 hours, and the machinery produces 25,728 units. Compute depreciation under the straight-line, units-of-output, working hours, sum-of-the-years’-digits, and double-declining-balance methods. (Round intermediate calculations to 5 decimal places, e.g. 1.56487 and final answers to...
Flounder Company purchased machinery on January 1, 2017, for $88,800. The machinery is estimated to have a salvage value of $8,880 after a useful life of 8 years. Compute 2017 depreciation expense using the straight-line method. Depreciation expense $ Compute 2017 depreciation expense using the straight-line method assuming the machinery was purchased on September 1, 2017. Depreciation expense $
PART B) Compute 2020 depreciation expense using the double-declining-balance method, assuming the machinery was purchased on October 1, 2020. Wildhorse Company purchased machinery on January 1, 2020, for $94,400. The machinery is estimated to have a salvage value of $9,440 after a useful life of 8 years. (a) Compute 2020 depreciation expense using the double-declining-balance method. Depreciation expense $
Bramble Company purchased machinery on January 1, 2020, for $91,200. The machinery is estimated to have a salvage value of $9,120 after a useful life of 8 years. Compute 2020 depreciation expense using the sum-of-the-years'-digits method. Depreciation expense $ 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 expense