Homework Answers
|
formula of straight line depreciation |
(Book value-residual value)/useful life |
(180000-15000)/4 |
41250 |
1) Straight Line method
|
Year |
Depreciation Expenses |
|
1st year |
41250 |
|
2nd year |
41250 |
|
3rd year |
41250 |
|
4th year |
41250 |
2) Double declining balance method
|
Straight line depreciation rate |
(1/4 Year)*100 |
25% |
|
|
double declining balance rate |
straight line rate * 2 |
25*2 |
50% |
|
formula |
Begging value of assets* depreciation rate |
||
|
year |
beginning of period book value |
depreciation rate |
depreciation expenses |
book value (Beginning value- depreciation) |
|
1st year |
180000 |
50% |
90000 |
90000 |
|
2nd year |
90000 |
50% |
45000 |
45000 |
|
3rd year |
45000 |
50% |
22500 |
22500 |
|
4th year |
22500 |
(22500-15000) |
7500 |
15000 |
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2 E9-3B. Depreciation Methods A machine costing $180,000 was purchased May 1. The machine should be...
Depreciation Methods A machine costing $180,000 was purchased May 1. The machine should be obsolete after...
Depreciation Methods A machine costing $180,000 was purchased May 1. The machine should be obsolete after four years and, therefore, no longer useful to the company. The estimated salvage value is $15,000. Calculate the depreciation expense for each year of its expected useful life using each of the following depreciation methods: (a) straight-line, (b) double-declining balance. For double-declining balance, do not round until your final answer. Round your final answers to the nearest dollar. a. Straight-line: Year 1: $ 0...
Depreciation Methods A machine costing $180.000 was purchased May 1. The machine should be obsolete after four year...
Depreciation Methods A machine costing $180.000 was purchased May 1. The machine should be obsolete after four years and therefore, no longer useful to the company. The estimated salvage value is $15,000 Calculate the depreciation expense for each year of is expected us i ng each of the following depreciation methods: (a) straight-line, double dening balance. For double declining balance, do not round until your final e Round your final anwers to the nearest dollar Check
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Depreciation Methods - on January 2,2018, skyler, Inc. purchased a
laser cutting machine to be used in the fabrication of a part for
one of its key products. the machine cost $120,000 and its
estimated useful life was four years or 920,000 cuttings, after
which it could be sold for $5,000.
Cambridge Business Publishers Chapter 9 Accounting for Long-lived and Intangible Asses 451 Required Calculate each year's depreciation expense for the period 2018-2021 under each of the following depreciation methods:...
Depreciation Methods A delivery truck costing $22.000 is expected to have a $2,000 salvage value at the end of its...
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Depreciation Methods A delivery truck costing $22,000 is expected to have a $2,000 salvage value at the end of its...
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Depreciation Methods - on January 2,2018, skyler, Inc. purchased a
laser cutting machine to be used in the fabrication of a part for
one of its key products. the machine cost $120,000 and its
estimated useful life was four years or 920,000 cuttings, after
which it could be sold for $5,000.
Cambridge Business Publishers Chapter 9 Accounting for Long-lived and Intangible Asses 451 Required Calculate each year's depreciation expense for the period 2018-2021 under each of the following depreciation methods:...
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