Homework Answers
Straight-line Depreciation = (Cost - salvage) / useful life
= ($84,200 - $6,000) / 20
= $3,910
Depreciation expense per annum = $3,910.
Book value at the end of 1st year = $84,200 - $3,910 = $80,290
Depreciation expense 2nd year = $3,910
Book value at the end of 2nd year = $80,290 - $3,910 = $76,380
Depreciation expense per annum under SLM remains same through out the useful life of the asset
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Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year...
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year...
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 20 years, or 391,000 units of product, with a $6,000 salvage value. During its second year, the machine produces 33,100 units of product. Exercise 10-5 Units-of-production depreciation LO P1 Determine the machine's second-year depreciation using the units-of-production method. Choose Numerator: Units-of-production Depreciation 7 Choose Denominator: = = Annual Depreciation Expense Depreciation expense...
II Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the...
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Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year...
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Required information The following information applies to the questions displayed below.) Ramirez Company installs a computerized...
Required information 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 20 years, or 391,000 units of product, with a $6,000 salvage value. During its second year, the machine produces 33,100 units of product. Determine the machine's second-year depreciation and year end book value under the straight-line method. Straight-Line Depreciation Choose Numerator:...
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $84,200
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II 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 8-4 Straight-line depreciation LO P1 Determine the machine's second-year depreciation and year end book value under the straight-line method. Straight-Line Depreclation Annual Depreciation Expense Choose Numerator: /...
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost $85,400. The machine's useful life is estimated at 20 years, or 402,000 units of product, with a $5,000 salvage value During its second year, the machine produces 34,200 units of product. Determine the machine's second-year depreciation and year end book value under the straight-line method. Straight-Line Depreciation Choose Numerator: Choose Denominator: Annual Depreciation Expense Depreciation expense / Year 2 Depreciation Year...
Required information 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 20 years, or 391,000 units of product, with a $6,000 salvage value. During its second year, the machine produces 33,100 units of product. Determine the machine's second-year depreciation and year end book value under the straight-line method. Straight-Line Depreciation Choose Numerator:...
Exercise 8-4 Straight-line depreciation LO P1 Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $114,000. The machine's useful life is estimated at 10 years, or 312,000 units of product, with a $16,200 salvage value. During its second year, the machine produces 29,900 units of product Determine the machine's second-year depreciation and year end book value under the straight-line method. Straight-Line Depreciation Annual Depreciation Expense Choose Numerator: / Choose...
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 $7,000 salvage value. During its second year, the machine produces 34,500 units of product. Exercise 8-5 Units-of-production depreciation LO P1 Determine the machine's second-year depreciation using the units-of-production method. Units of production Depreciation Choose Denominator: Choose Numerator: Annual Depreciation Expense Depreciation expense per...
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