Homework Answers
| Double Declining balance rate | 40% | =1/5*2 |
| Depreciation for 2019 | 400000 | =1000000*40% |
| Balance in Accumulated Depreciation on December 31,2019 = $400,000 | ||
| Option C $400,000 is correct | ||
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On January 2, 2019, Kornis Corporation acquired equipment for $1,000,000. The estimated life of the equipment...
On January 2, 2019, Kornis Corporation acquired equipment for $300,000. The estimated life of the equipment...
On January 2, 2019, Kornis Corporation acquired equipment for $300,000. The estimated life of the equipment is 5 years or 70,000 hours. The estimated residual value is $30,000. What is the balance in Accumulated Depreciation on December 31, 2019, if Kornis Corporation uses the double−declining−balance method of depreciation?
On January 2, 2019, Kornis Corporation acquired equipment for $1,100,000. The estimated life of the equipment...
On January 2, 2019, Kornis Corporation acquired equipment for $1,100,000. The estimated life of the equipment is 5 years or 100,000 hours. The estimated residual value is $10,000. What is the balance in Accumulated Depreciation on December 31, 2019, if Kornis Corporation uses the double - declining - balance method of depreciation? O A. $218,000 O B. $436,000 OC. $220,000 O D. $440,000
On January 2, 2019, Kornis Corporation acquired equipment for $1,100,000. The estimated life of the equipment...
On January 2, 2019, Kornis Corporation acquired equipment for $1,100,000. The estimated life of the equipment is 5 years or 100,000 hours. The estimated residual value is $10,000. What is the balance in Accumulated Depreciation on December 31, 2019, if Kornis Corporation uses the double - declining - balance method of depreciation? O A. $218,000 O B. $436,000 OC. $220,000 O D. $440,000
On January 2, 2019, Kornis Corporation acquired equipment for $ 800,000. The estimated life of the...
On January 2, 2019, Kornis Corporation acquired equipment for $ 800,000. The estimated life of the equipment is 5 years or 60,000 hours. The estimated residual value is $ 40,000. What is the balance in Accumulated Depreciation on December 31, 2019, if Kornis Corporation uses the double-declining-balance method of depreciation? A. $160,000 B. $320,000 C. $152,000 D. $304,000
2. On January 2, 2019, Kornis Corporation acquired equipment for $300,000. The estimated life of the...
2. On January 2, 2019, Kornis Corporation acquired equipment for $300,000. The estimated life of the equipment is 5 years or 40,000 hours. The estimated residual value is $50,000. What is the balance in Accumulated Depreciation on December 31, 2019, if Kornis Corporation uses the double−declining−balance method ofdepreciation? A.$120,000 B. $60,000 C.$50,000 D.$100,000 3. On January 2, 2019, Konrad Corporation acquired equipment for $760,000. The estimated life of the equipment is 5 years or 37,000 hours. The estimated residual value...
Question Help On January 2, 2019, Kornis Corporation acquired equipment for $1,500,000. The estimated life of...
Question Help On January 2, 2019, Kornis Corporation acquired equipment for $1,500,000. The estimated life of the equipment is 5 years or 80,000 hours. The estimated residual value is $30,000. What is the balance in Accumulated Depreciation on December 31, 2019, if Kornis Corporation uses the double- declining-balance method of depreciation? O A. $294,000 ০ B. S300,000 boit O C. $588,000 O D. $600,000
On January 2, 2019, Kaiman Corporation acquired equipment for $300 000. The estimated life of the...
On January 2, 2019, Kaiman Corporation acquired equipment for $300 000. The estimated life of the equipment is 5 years or 100,000 hours. The estimated residual value is $10,000. What is the balance in Accumulated Depreciation on December 31, 2020, if Kaiman Corporation uses the straight-line method of depreciation? O A. $60.000 OB. 558,000 OC. $120,000 OD. 5116,000
On January 2, 2019, Kaiman Corporation acquired equipment for $800,000. The estimated life of the equipment...
On January 2, 2019, Kaiman Corporation acquired equipment for $800,000. The estimated life of the equipment is 5 years or 100,000 hours. The estimated residual value is $50,000. What is the balance in Accumulated Depreciation on December 31, 2020, if Kaiman Corporation uses the straight-line method of depreciation? O A. $160,000 O B. $320,000 O c. $150,000 OD. $300,000
Need help On January 2, 2019, Kaiman Corporation acquired equipment for $800,000. The estimated life of...
Need help
On January 2, 2019, Kaiman Corporation acquired equipment for $800,000. The estimated life of the equipment is 5 years or 60,000 hours. The estimated residual value is $10,000. What is the balance in Accumulated Depreciation on December 31, 2020, if Kaiman Corporation uses the straight-line method of depreciation? O A. $158,000 OB. $160,000 O C. $320,000 OD. $316.000
Question Help On January 4, 2019. Mary's Cafe acquired equipment for $200,000. The estimated life of...
Question Help On January 4, 2019. Mary's Cafe acquired equipment for $200,000. The estimated life of the equipment is 8 years or 60,000 hours. The estimated residual value is $10,000. What is the balance in the Accumulated Depreciation account at December 31, 2020 if the straight-line method is used? O A. $10,000 OB. $47.500 OC. $23,750 OD. $25.000
On January 2, 2019, Kornis Corporation acquired equipment for $1,100,000. The estimated life of the equipment is 5 years or 100,000 hours. The estimated residual value is $10,000. What is the balance in Accumulated Depreciation on December 31, 2019, if Kornis Corporation uses the double - declining - balance method of depreciation? O A. $218,000 O B. $436,000 OC. $220,000 O D. $440,000
On January 2, 2019, Kornis Corporation acquired equipment for $1,100,000. The estimated life of the equipment is 5 years or 100,000 hours. The estimated residual value is $10,000. What is the balance in Accumulated Depreciation on December 31, 2019, if Kornis Corporation uses the double - declining - balance method of depreciation? O A. $218,000 O B. $436,000 OC. $220,000 O D. $440,000
Question Help On January 2, 2019, Kornis Corporation acquired equipment for $1,500,000. The estimated life of the equipment is 5 years or 80,000 hours. The estimated residual value is $30,000. What is the balance in Accumulated Depreciation on December 31, 2019, if Kornis Corporation uses the double- declining-balance method of depreciation? O A. $294,000 ০ B. S300,000 boit O C. $588,000 O D. $600,000
On January 2, 2019, Kaiman Corporation acquired equipment for $300 000. The estimated life of the equipment is 5 years or 100,000 hours. The estimated residual value is $10,000. What is the balance in Accumulated Depreciation on December 31, 2020, if Kaiman Corporation uses the straight-line method of depreciation? O A. $60.000 OB. 558,000 OC. $120,000 OD. 5116,000
On January 2, 2019, Kaiman Corporation acquired equipment for $800,000. The estimated life of the equipment is 5 years or 100,000 hours. The estimated residual value is $50,000. What is the balance in Accumulated Depreciation on December 31, 2020, if Kaiman Corporation uses the straight-line method of depreciation? O A. $160,000 O B. $320,000 O c. $150,000 OD. $300,000
Need help
On January 2, 2019, Kaiman Corporation acquired equipment for $800,000. The estimated life of the equipment is 5 years or 60,000 hours. The estimated residual value is $10,000. What is the balance in Accumulated Depreciation on December 31, 2020, if Kaiman Corporation uses the straight-line method of depreciation? O A. $158,000 OB. $160,000 O C. $320,000 OD. $316.000
Question Help On January 4, 2019. Mary's Cafe acquired equipment for $200,000. The estimated life of the equipment is 8 years or 60,000 hours. The estimated residual value is $10,000. What is the balance in the Accumulated Depreciation account at December 31, 2020 if the straight-line method is used? O A. $10,000 OB. $47.500 OC. $23,750 OD. $25.000
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