Under straight line method of depreciation,
Depreciation per annum = (initial cost - salvage value)/useful life
= ($84200 - $7000)/10
= $7720
For year 1:
Depreciation expenses = $7720
book value at the end of year = $84200 - $7720 = $76480
For year 2:
Depreciation expenses = $7720
book value at the end of year = $76480 - $7720 = $68760
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 Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $84,200. The machine's useful life is estimated at 10 years, or 386,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 32,600 units of product. Exercise 10-5 Units-of-production depreciation LO P1 Determine the machine's second-year...
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below] Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $80,600. The machine's useful life is estimated at 10 years, or 388,000 units of product, with a $3,000 salvage value. During its second year, the machine produces 32,800 units of product. Exercise 8-4 Straight-line depreciation LO P1 Determine the machine's second-year...
Required information Use the following information for the Exercises below. The following information applies to the questions displayed below Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $44,200. The machine's useful life is estimated at 10 years or 392.000 units of product, with a $5,000 salvage value During its second year, the machine produces 33,200 units of product Exercise 8-4 Straight-line depreciation LO P1 Determine the machine's second...
Required information Use the following information for the Exercises below. The following information applies to the questions displayed below Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $43,500 The machine's useful life is estimated at 10 years, or 385,000 units of product, with a $5,000 salvage value. During its second year, the machine produces 32.500 units of product Exercise 8-4 Straight-line depreciation LO P1 Determine the machine's second-year...
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below) Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $86,200. The machine's useful life is estimated at 10 years, or 396.000 units of product, with a $7000 salvage value During its second year, the machine produces 33,600 units of product. Exercise 10-4 Straight-line depreciation LO P1 Determine the machine's second-year...
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below) Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $48,400. The machine's useful life is estimated at 10 years, or 394,000 units of product, with a $9,000 salvage value. During its second year, the machine produces 33,400 units of product. Exercise 8-4 Straight-line depreciation LO P1 Determine the machine's second-year...
Required information Use the following information for the Exercises below. The following information applies to the questions displayed below.] Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $43,500. The machine's useful life is estimated at 10 years, or 385,000 units of product, with a $5,000 salvage value. During its second year, the machine produces 32,500 units of product. Exercise 8-4 Straight-line depreciation LO P1 Determine the machine's second-year...
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $45,900. The machine's useful life is estimated at 10 years, or 399,000 units of product, with a $6,000 salvage value. During its second year, the machine produces 33,900 units of product. Exercise 8-4 Straight-line depreciation LO P1 Determine the machine's second-year...
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Check my w Required information Use the following information for the Exercises below. The following information applies to the questions displayed below] of3 Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $47,500. The machine's useful life is estimated at 10 years, or 405.000 units of product, with a $7000 salvage value. During its second year, the machine produces 34,500 units of product Book Exercise 10-4 Straight-line depreciation LO...