Homework Answers
| Cost of Hot tube | $ 11,210 |
| Less: Salvage value | $ -1,790 |
| Depreciable cost | $ 9,420 |
| Life of Tube | 6 Years |
| Depreciation per year ($9,420/6) | $ 1,570 |
| Depreication for 2016 and 2017 ($1,570*2) | $ 3,140 |
| Book value at beginning of 2018 ($11,210-3,140) | $ 8,070 |
| Less: Revised salvage value | $ -840 |
| Revised depreciable value | $ 7,230 |
| Remaining life of tube | 5 Years |
| Depreciation for 2018 ($7,230/5) | $ 1,446 |
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Sunland Company purchased a hot tub for $11,210 on January 1, 2016. Straight-line depreciation is used,...
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explanation very appreciated Blue Company purchased a computer for $9,760 on January 1, 2019. Straight-line depreciation...
explanation very appreciated
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Brief Exercise 11-07 Novak Company purchased a computer for $10,000 on January 1, 2019. Straight-line depreciation...
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Brief Exercise 11-07 Crane Company purchased a computer for $8,080 on January 1, 2019. Straight-line depreciation...
Brief Exercise 11-07
Crane Company purchased a computer for $8,080 on January 1,
2019. Straight-line depreciation is used, based on a 5-year life
and a $1,010 salvage value. On January 1, 2021, the estimates are
revised. Crane now feels the computer will be used until December
31, 2022, when it can be sold for $505.
Compute the 2021 depreciation. (Round answer to 0
decimal places, e.g. 45,892.)
Depreciation expense, 2021
$
PLEASE SHOW ALL WORK.
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 11-7 Sweet Company purchased a computer for...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 11-7 Sweet Company purchased a computer for $8,480 on January 1, 2016. Straight-line depreciation is used, based on a 5 year life and a $1,060 salvage value. In 2018, the estimates are revised. Sweet now feels the computer will be used until December 31, 2019, when it can be sold for $530. Compute the 2018 depreciation. (Round answer to 0 decimal places, e.g. 45,892.) Depreciation expense, 2018 LINK TO TEXT
x Your answer is incorrect. Wildhorse Company purchased a computer for $9,440 on January 1, 2019....
x Your answer is incorrect. Wildhorse Company purchased a computer for $9,440 on January 1, 2019. Straight-line depreciation is used, based on a 5-year life and a $1,180 salvage value. On January 1, 2021, the estimates are revised. Wildhorse now feels the computer will be used until December 31, 2022, when it can be sold for $590. Compute the 2021 depreciation. (Round answer to 0 decimal places, e.g. 45,892.) Depreciation expense, 2021 $ 2478 eTextbook and Media
Answer is NOT 3250, 6500, or 1750. Brief Exercise 11-07 Novak Company purchased a computer for...
Answer is NOT 3250, 6500, or 1750.
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Sunland Company purchased machinery for $861000 on January 1, 2014. Straight-line depreciation has been recorded based...
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On January 1, 2018. Poultry Processing Company purchased a freezer and related installation equipment for $68.400....
On January 1, 2018. Poultry Processing Company purchased a freezer and related installation equipment for $68.400. The equipment had a three-year estimated life with a $3,300 salvage value. Straight-line depreciation was used. At the beginning of 2020. Poultry Processing revised the expected life of the asset to four years rather than three years. The salvage value was revised to $2,300. Required Compute the depreciation expense for each of the four years, 2018-2021. Depreciation Expense 2018 2019 2020 2021
On January 1 2018, Poultry Processing Company purchased a freezer and related installation equipment for $65,400. The eq...
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explanation very appreciated
Blue Company purchased a computer for $9,760 on January 1, 2019. Straight-line depreciation is used, based on a 5-year life and a $1,220 salvage value. In 2021, the estimates are revised. Blue now feels the computer will be used until December 31, 2022, when it can be sold for $610. Compute the 2021 depreciation. (Round answer to 0 decimal places, e.g. 45,892.) Depreciation expense, 2021
Brief Exercise 11-07 Novak Company purchased a computer for $10,000 on January 1, 2019. Straight-line depreciation is used, based on a 5-year life and a $1,250 salvage value. On January 1, 2021, the estimates are revised. Novak now feels the computer will be used until December 31, 2022, when it can be sold for $625. Compute the 2021 depreciation. (Round answer to 0 decimal places, e.g. 45,892.) Depreciation expense, 2021 $
Brief Exercise 11-07
Crane Company purchased a computer for $8,080 on January 1,
2019. Straight-line depreciation is used, based on a 5-year life
and a $1,010 salvage value. On January 1, 2021, the estimates are
revised. Crane now feels the computer will be used until December
31, 2022, when it can be sold for $505.
Compute the 2021 depreciation. (Round answer to 0
decimal places, e.g. 45,892.)
Depreciation expense, 2021
$
PLEASE SHOW ALL WORK.
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 11-7 Sweet Company purchased a computer for $8,480 on January 1, 2016. Straight-line depreciation is used, based on a 5 year life and a $1,060 salvage value. In 2018, the estimates are revised. Sweet now feels the computer will be used until December 31, 2019, when it can be sold for $530. Compute the 2018 depreciation. (Round answer to 0 decimal places, e.g. 45,892.) Depreciation expense, 2018 LINK TO TEXT
x Your answer is incorrect. Wildhorse Company purchased a computer for $9,440 on January 1, 2019. Straight-line depreciation is used, based on a 5-year life and a $1,180 salvage value. On January 1, 2021, the estimates are revised. Wildhorse now feels the computer will be used until December 31, 2022, when it can be sold for $590. Compute the 2021 depreciation. (Round answer to 0 decimal places, e.g. 45,892.) Depreciation expense, 2021 $ 2478 eTextbook and Media
Answer is NOT 3250, 6500, or 1750.
Brief Exercise 11-07 Novak Company purchased a computer for $10,000 on January 1, 2019. Straight-line depreciation is used, based on a 5-year life and a $1,250 salvage value. On January 1, 2021, the estimates are revised. Novak now feels the computer will be used until December 31, 2022, when it can be sold for $625. Compute the 2021 depreciation. (Round answer to 0 decimal places, e.g. 45,892.) Depreciation expense, 2021 $
On January 1, 2018. Poultry Processing Company purchased a freezer and related installation equipment for $68.400. The equipment had a three-year estimated life with a $3,300 salvage value. Straight-line depreciation was used. At the beginning of 2020. Poultry Processing revised the expected life of the asset to four years rather than three years. The salvage value was revised to $2,300. Required Compute the depreciation expense for each of the four years, 2018-2021. Depreciation Expense 2018 2019 2020 2021
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