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a | ||
Depreciation for Year 1 | 36855 | =(486000-43740)/12 |
Depreciation for Year 2 | 36855 | =(486000-43740)/12 |
Depreciation for Year 3 | 36855 | =(486000-43740)/12 |
b | ||
Sum-of-the-years'-digits | 78 | =12*(12+1)/2 |
Depreciation for Year 1 | 68040 | =(486000-43740)/78*12 |
Depreciation for Year 2 | 62370 | =(486000-43740)/78*11 |
Depreciation for Year 3 | 56700 | =(486000-43740)/78*10 |
c | ||
Depreciation rate | 16.67% | =1/12*2 |
Depreciation for Year 1 | 81016 | =486000*16.67% |
Depreciation for Year 2 | 67511 | =(486000-81016)*16.67% |
Depreciation for Year 3 | 56257 | =(486000-81016-67511)*16.67% |
Swifty Company purchases equipment on January 1, Year 1, at a cost of $486,000. The asset...
Swifty Company purchases equipment on January 1, Year 1, at a cost of $486,000. The asset is expected to have a service life of 12 years and a salvage value of $43,740. (a) Your answer is correct. Compute the amount of depreciation for each of Years 1 through 3 using the straight-line depreciation method. (Round answers to 0 decimal places, e.g. 5,125.) Depreciation for Year 1 $enter a dollar amount rounded to 0 decimal places Depreciation for Year 2 $enter...
Waterway Company purchases equipment on January 1, Year 1, at a cost of $582,000. The asset is expected to have a service life of 12 years and a salvage value of $52,380. Compute the amount of depreciation for each of Years 1 through 3 using the straight-line depreciation method. (Round answers to 0 decimal places, e.g. 5,125.) Depreciation for Year 1 $enter a dollar amount rounded to 0 decimal places Depreciation for Year 2 $enter a dollar amount rounded to...
Sheffield Company purchases equipment on January 1, Year 1, at a cost of $570,000. The asset is expected to have a service life of 12 years and a salvage value of $51.300. Compute the amount of depreciation for each of Years 1 through 3 using the straight-line depreciation method. (Round answers to decimal places, eg. 5,125.) Depreciation for Year 1 $ Depreciation for Year 2 $ $ Depreciation for Year 3 e Textbook and Media Compute the amount of depreciation...
Crane Company purchases equipment on January 1, Year 1, at a cost of $474,000. The asset is expected to have a service life of 12 years and a salvage value of $42,660. Compute the amount of depreciation for each of Years 1 through 3 using the straight-line depreciation method. (Round answers to 0 decimal places, e.g. 5,125.) Depreciation for Year 1 $ Depreciation for Year 2 $ Depreciation for Year 3 $ Compute the amount of depreciation for each of...
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Exercise 11-1 Sage Company purchases equipment on January 1, Year 1, at a cost of $586,250. The asset is expected to have a service life of 12 years and a salvage value of $50,000. Compute the amount of depreciation for Years 1 through 3 using the straight-line depreciation method. (Round answers to 0 decimal places, e.g. 5,125.) Depreciation for Year 1 $ Depreciation for Year 2 $ Depreciation for Year 3 $ LINK TO TEXT Compute the amount of depreciation...
"Exercise 11-1 Crane Company purchases equipment on January 1, Year 1, at a cost of $567,490. The asset is expected to have a service life of 12 years and a salvage value of $48,400. Compute the amount of depreciation for Years 1 through 3 using the straight-line depreciation method. (Round answer to O decimal places, e.g. 5,125.) Depreciation for Year 1 Depreciation for Year 2 Depreciation for Year 3 Compute the amount of depreciation for each of Years 1 through...
help! Skysong Company purchases equipment on January 1, Year 1, at a cost of $504,000. The asset is expected to have a service life of 12 years and a salvage value of $45,360. X Your answer is incorrect. Compute the amount of depreciation for each of Years 1 through 3 using the double-declining-balance method. (Round depreciation rate to 2 decimal places, e.g. 15.84%. Round answers to 0 decimal places, e.g. 45,892.) Depreciation for Year 1 $ 76455 Depreciation for Year...
1. Coronado Company purchases equipment on January 1, Year 1, at a cost of $540,000. The asset is expected to have a service life of 12 years and a salvage value of $48,600. Compute the amount of depreciation for each of Years 1 through 3 using the straight-line depreciation method. (Round answers to 0 decimal places, e.g. 5,125.) Depreciation for Year 1 $enter a dollar amount rounded to 0 decimal places Depreciation for Year 2 $enter a dollar amount rounded...
Whispering Company purchases equipment on January 1, Year 1, at a cost of $534,000. The asset is expected to have a service life of 12 years and a salvage value of $48,060 Compute the amount of depreciation for each of Years 1 through 3 using the straight-line depreciation method. (Round answers to 0 decimal places, e.g. 5,125.) Depreciation for Year 1 $ Depreciation for Year 2 $ Depreciation for Year 3 $ Compute the amount of depreciation for each of Years 1 through 3 using...