Straight-Line Depreciation A refrigerator used by a wholesale warehouse has a cost of $80,100, an estimated...
Straight-Line Depreciation A refrigerator used by a wholesale warehouse has a cost of $82,000, an estimated residual value of $6,200, and an estimated useful life of 8 years. What is the amount of the annual depreciation computed by the straight-line method?
A warehouse with a cost of $778,800 has an estimated residual value of $70,800, has an estimated useful life of 20 years, and is depreciated by the straight-line method. a. Determine the amount of the annual depreciation. $ b. Determine the book value after 7 full years of use. $ c. Assuming that at the start of year 8 the remaining life is estimated to be 18 years and the residual value is estimated to be $57,600, determine the depreciation...
Revision of Depreciation Equipment with a cost of $899,100 has an estimated residual value of $89,100, has an estimated useful life of 27 years, and is depreciated by the straight-line method. a. Determine the amount of the annual depreciation. $ b. Determine the book value after 14 full years of use. $ c. Assuming that at the start of the year 15 the remaining life is estimated to be 20 years and the residual value is estimated to be $93,100,...
Calcultator Units-of-activity Depreciation A truck acquired at a cost of $375,000 has an estimated residual value of $21,600, has an estimated useful life of 38,000 miles, and was driven 2,700 miles during the year. Determine the following. If required, round your answer for the depreclation rate to two decimal places (a) The depreciable cost (b) The depreciation rate per mile degpreciation for the year (c) The units-of-activity depreciation for the year invoker- Show Me HowCalculator Stralight-Line Depreciation A building acquired...
Revision of Depreciation Equipment with a cost of $572,200 has an estimated residual value of $52,000, has an estimated useful life of 18 years, and is depreciated by the straight-line method. a. Determine the amount of the annual depreciation. $ b. Determine the book value after 8 full years of use. $ c. Assuming that at the start of the year 9 the remaining life is estimated to be 16 years and the residual value is estimated to be $56,200,...
Revision of Depreciation A building with a cost of $540,000 has an estimated residual value of $108,000, has an estimated useful life of 18 years, and is depreciated by the straight-line method. a. What is the amount of the annual depreciation? Do not round intermediate calculations. $ b. What is the book value at the end of the tenth year of use? $ c. If at the start of the eleventh year it is estimated that the remaining life is...
Revision of Depreciation A building with a cost of $375,000 has an estimated residual value of $150,000, has an estimated useful life of 9 years, and is depreciated by the straight-line method. a. What is the amount of the annual depreciation? Do not round intermediate calculations. $ b. What is the book value at the end of the fifth year of use? $ c. If at the start of the sixth year it is estimated that the remaining life is...
Revision of Depreciation Equipment with a cost of $496,200 has an estimated residual value of $49,200, has an estimated useful life of 15 years, and is depreciated by the straight-line method. a. Determine the amount of the annual depreciation. $ 29,800 b. Determine the book value after 11 full years of use. C. Assuming that at the start of the year 12 the remaining life is estimated to be 11 years and the residual value is estimated to be $44,100,...
Revision of Depreciation Equipment with a cost of $612,200 has an estimated residual value of $55,700, has an estimated useful life of 35 years, and is depreciated by the straight-line method. a. Determine the amount of the annual depreciation. b. Determine the book value after 20 full years of use. c. Assuming that at the start of the year 21 the remaining life is estimated to be 19 years and the residual value is estimated to be $58,600, determine the...
Equipment with a cost of \$707.9 has an estimated residual value of \$64,400 , has an estimated useful life of 45 years, and is depreciated by the straight line method Equipment with a cost of $707,900 has an estimated residual value of $64,400, has an estimated useful life of 45 years, and is depreciated by the straight-line method. a. Determine the amount of the annual depreciation. 14,300 b. Determine the book value after 24 full years of use. $364,700 c....