Question

Sandhill Co. purchased a new machine on Oteber 1, 2017, aa cost of $8s,700 The company estimated that the machine has a salva


Exercise 9-20 (Part Level Sabmission) Sandhill Co. purchased a new machine on October 1, 20, at a cost of s0 The conpany etim

sorry, hope this helps!
J Co. purchased a new machine on October 1, 2017, at a cost of $88,700. The company estimated that the machine has a salvage
0 0
Add a comment Improve this question Transcribed image text
Answer #1
Double declining Depreciation rate 25% =1/8*2
a
Depreciation using the Declining-Balance method:
2017 5544 =88700*25%*3/12
2018 20789 =(88700-5544)*25%
Add a comment
Know the answer?
Add Answer to:
sorry, hope this helps! Sandhill Co. purchased a new machine on Oteber 1, 2017, aa cost...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Blossom Company purchased a new machine on October 1, 2017, at a cost of $87,200. The...

    Blossom Company purchased a new machine on October 1, 2017, at a cost of $87,200. The company estimated that the machine has a salvage value of $7,400. The machi is expected to be used for 69,200 working hours during its 8-year life. Compute depreciation using the following methods in the year indicated. Declining balance using double the straight-line rate for 2017 and 2018. (Round answers to decimal places, e.g. 125) 2017 2018 Depreciation using the Declining balance methods LINK TO...

  • MatthewCompany purchased a new machine on October 1, 2017, at a cost of $145,000. The company...

    MatthewCompany purchased a new machine on October 1, 2017, at a cost of $145,000. The company estimated that the machine will have a salvage value of $25,000. The machine is expected to be used during its 5-year life. Instructions Compute the depreciation expense under the following methods for the year indicated. (a) Straight-line for 2017. (b) Declining-balance using double the straight-line rate for 2017 and 2018.

  • Exercise 9-20 (Part Level Submission) Crane Company purchased a new machine on October 1, 2017, at...

    Exercise 9-20 (Part Level Submission) Crane Company purchased a new machine on October 1, 2017, at a cost of $88,700. The company estimated that the machine has a salvage value of $7,400. The machine is expected to be used for 63,100 working hours during its 8-year life. Compute depreciation using the following methods in the year indicated. Collapse question part (a) Incorrect answer. Your answer is incorrect. Try again. Declining-balance using double the straight-line rate for 2017 and 2018. (Round...

  • Ivanhoe Company purchased a new machine on October 1, 2017, at a cost of $87,800. The...

    Ivanhoe Company purchased a new machine on October 1, 2017, at a cost of $87,800. The company estimated that the machine has a salvage value of $8,800. The machine is expected to be used for 64,200 working hours during its 8-year life. Compute depreciation using the following methods in the year indicated. Declining-balance using double the straight-line rate for 2017 and 2018. (Round answers to o decimal places, e.g. 125) 2017 2018 Depreciation using the Declining-balance method Calculate the depreciation...

  • Exercise 9-20 Sunland Company purchased a new machine on October 1, 2017, at a cost of...

    Exercise 9-20 Sunland Company purchased a new machine on October 1, 2017, at a cost of $86,600. The company estimated that the machine has a salvage value of $8,400. The machine is expected to be used for 65,700 working hours during its 8-year life. Compute depreciation using the following methods in the year indicated. Declinng-balance using double the straight-line rate for 2017 and 2018. (Round answers to 0 decimal places, e.g. 125) 2017 2018 Depreciation using the Declining-balance method s...

  • Wildhorse Co. purchased a new machine on October 1, 2017, at a cost of $88,000. The...

    Wildhorse Co. purchased a new machine on October 1, 2017, at a cost of $88,000. The company estimated that the machine has a salvage value of $8,400. The machine is expected to be used for 71,500 working hours during its 8-year life. Compute the depreciation expense under the straight-line method for 2017 and 2018, assuming a December 31 year-end. (Round answers to decimal places, eg. 5,275.) 2017 2018 The depreciation expense under the straight-line method $

  • E9-6 Xanadu A/S purchased a new machine on October 1, 2017, at a cost of €96,000....

    E9-6 Xanadu A/S purchased a new machine on October 1, 2017, at a cost of €96,000. The company estimated that the machine will have a residual value of €12,000. The machine is expected to be used for 10,000 working hours during its 5-year life. Determine depreciation for partial periods. (LO2) Instructions Compute the depreciation expense under the following methods for the year indicated. (a) Straight-line for 2017. (b) Units-of-activity for 2017, assuming machine usage was 1,700 hours. (c) Declining-balance using...

  • Pharoah Company purchased a new machine on October 1, 2022, at a cost of $80,100. The...

    Pharoah Company purchased a new machine on October 1, 2022, at a cost of $80,100. The company estimated that the machine has a salvage value of $7,380. The machine is expected to be used for 72,000 working hours during its 10-year life. Compute depreciation using the following methods in the year indicated. Declining balance using double the straight line rate for 2022 and 2023. 2022 2023 Depreciation using the Declining balance methods Calculate the depreciation cost per hour. (Round answer...

  • Blossom Company purchased a new machine on October 1, 2022, at a cost of $70,100. The...

    Blossom Company purchased a new machine on October 1, 2022, at a cost of $70,100. The company estimated that the machine has a salvage value of $4,380. The machine is expected to be used for 62,000 working hours during its 10-year life. Compute depreciation using the following methods in the year indicated. X Your answer is incorrect. Declining-balance using double the straight-line rate for 2022 and 2023. 2022 2023 Depreciation using the Declining-balance method $ 4381 6572 e Textbook and...

  • Crane Company purchased a new machine on October 1, 2022, at a cost of $94,100. The...

    Crane Company purchased a new machine on October 1, 2022, at a cost of $94,100. The company estimated that the machine has a salvage value of $2,940. The machine is expected to be used for 86,000 working hours during its 10-year life. Compute depreciation using the following methods in the year indicated. Your answer is incorrect. Declining-balance using double the straight-line rate for 2022 and 2023. 2022 2023 Depreciation using the Declining-balance method $ eTextbook and Media X Your answer...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT