Homework Answers
Double Declining Balance Method.
>> Depreciation Rate = ( 200 / 20 ) = 10 %.
>> Depreciation for the year - 1 = $ 75000 * 10 % * ( 6 /12 ) = $ 3750.
>> Depreciation for the year - 2 = ( $ 75000 - $ 3750 ) * 10 % = $ 7125.
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4) The pertinent information about a piece of construction equipment follows: $75, 000 20 Years Cost...
Cost 5) The pertinent information about a piece of construction equipment follows: $180,000 Estimated Useful Life...
Cost 5) The pertinent information about a piece of construction equipment follows: $180,000 Estimated Useful Life 200,000 Miles Residual (Salvage) Value $20,000 Placed in service 2015/1/2 Year 1 Output= 37,000 miles Year 2 Output= 51,000 miles Compute the first two years depreciation expense using the Units-of-Output method Year 1 $__ Year 2 $__
The initial cost of a piece of construction equipment is $4000 000. It has useful life...
The initial cost of a piece of construction equipment is $4000 000. It has useful life of 10 years. The estimated salvage value of the equipment at the end of useful life is $600 000. Calculate the depreciation charge and book value of the construction equipment using straight-line method and declining balance depreciation method in years 1, 4, 6, 9 and 10.
Question 2 The initial cost of a piece of construction equipment is $4000 000. It has...
Question 2 The initial cost of a piece of construction equipment is $4000 000. It has useful life of 10 years. The estimated salvage value of the equipment at the end of useful life is $600 000. Calculate the depreciation charge and book value of the construction equipment using straight-line method and declining balance depreciation method in years 1, 4, 6, 9 and 10.
Find the radius of convergence and the interval of convergence for the following series: (x -...
Find the radius of convergence and the interval of convergence for the following series: (x - 2)" n4n n=1 When does an account become uncollectible? When a discount is availed on notes receivable At the end of the fiscal year There is no general rule for when an account becomes uncollectible When accounts receivable is converted into notes receivable 4) The pertinent information about a piece of nartinent information about a piece of construction equipment followed Cost $75,000 Estimated Useful...
A piece of construction equipment is purchased for $ 110,000 and has an estimated residual /...
A
piece of construction equipment is purchased for $ 110,000 and has
an estimated residual / salvage value of $ 10,000 at the end of a 7
year recovery period. Prepare a Depreciation Schedule using:
A.
Straight-Line Method
B.
Sum-of-the-Years Method
C.
200% Declining Balance Method
****please use the template in the pic to do the problem
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Equipment was acquired at the beginning of the year at a cost of \$40,500 . The...
Equipment was acquired at the beginning of the year at a cost of
\$40,500 . The equipment was depreciated using the double
declining-balance method based on an estimated useful life of ten
years and an estimated residual value of $790.
Equipment was acquired at the beginning of the year at a cost of $40,500. The equipment was depreciated using the double- declining-balance method based on an estimated useful life of ten years and an estimated residual value of $790. a....
Equipment acquired at a cost of $75,000 has an estimated residual value of $5,000 and an...
Equipment acquired at a cost of $75,000 has an estimated residual value of $5,000 and an estimated useful life of 10 years. It was placed in service on October 1 of the current fiscal year, which ends on December 31. a. Determine the depreciation for the current fiscal year and for the following fiscal year by the straight-line method. b. Determine the depreciation for the current fiscal year and the following fiscal year by the double-declining-balance method.
Wolverines Corporation purchased a large piece of equipment for $500,000 and placed in in service on...
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question C: im done eoth a and c. im not sure about c 421 On August...
question C: im done eoth a and c. im not sure about c
421 On August 3, Cinco Construction purchased special-purpose equipment at a cost of $1,000,000. The useful life of the equipment was estimated to be eight years, with an estimated residual value of $50,000. S a. Compute the depreciation expense to be recognized each calendar year for financial reporting purposes under the straight-line depreciation method (half-year convention). b. Compute the depreciation expense to be recognized each calendar year...
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Question 2 The initial cost of a piece of construction equipment is $4000 000. It has useful life of 10 years. The estimated salvage value of the equipment at the end of useful life is $600 000. Calculate the depreciation charge and book value of the construction equipment using straight-line method and declining balance depreciation method in years 1, 4, 6, 9 and 10.
Find the radius of convergence and the interval of convergence for the following series: (x - 2)" n4n n=1 When does an account become uncollectible? When a discount is availed on notes receivable At the end of the fiscal year There is no general rule for when an account becomes uncollectible When accounts receivable is converted into notes receivable 4) The pertinent information about a piece of nartinent information about a piece of construction equipment followed Cost $75,000 Estimated Useful...
A
piece of construction equipment is purchased for $ 110,000 and has
an estimated residual / salvage value of $ 10,000 at the end of a 7
year recovery period. Prepare a Depreciation Schedule using:
A.
Straight-Line Method
B.
Sum-of-the-Years Method
C.
200% Declining Balance Method
****please use the template in the pic to do the problem
Equipment was acquired at the beginning of the year at a cost of
\$40,500 . The equipment was depreciated using the double
declining-balance method based on an estimated useful life of ten
years and an estimated residual value of $790.
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question C: im done eoth a and c. im not sure about c
421 On August 3, Cinco Construction purchased special-purpose equipment at a cost of $1,000,000. The useful life of the equipment was estimated to be eight years, with an estimated residual value of $50,000. S a. Compute the depreciation expense to be recognized each calendar year for financial reporting purposes under the straight-line depreciation method (half-year convention). b. Compute the depreciation expense to be recognized each calendar year...
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