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tering Depreciation On May 1, 20X1, your company purchases for $260,000 a machine with an estimated...
tering Depreciation 6 On May 1, 20X1, your company purchases for $260,000 a machine with an...
tering Depreciation 6 On May 1, 20X1, your company purchases for $260,000 a machine with an estimated useful life of 12 years and a salvage value of $10,000 Your company uses SYD depreciation and depreciates assets purchased between the 1 and 15h of the month for the entire month and assets purchased after the 15 as though they were acquired the following month. What is 20X2 depreciation expense? a. $38,462 b. $38256 $36,325 d. $35,256
On July 1, 20X1, ZipCo, which uses UOP depreciation, purchases for $36,000 a truck with an...
On July 1, 20X1, ZipCo, which uses UOP depreciation, purchases for $36,000 a truck with an estimated useful life of 60,000 miles and a residual value of $6,000. Miles driven are as follows: Year 20x1 20X2 20x3 20x4 20x5 Miles 5,000 10,000 20,000 25,000 30,000 The book value of the truck on December 31, 20X3 is: Your company uses the DDB method. Assets purchased between the 1st and 15th are depreciated for the entire month; assets purchased after the 15th...
ooERDIGTs (SYD) METHOD OF DEPRECIAO Assume all companies are on a calendar year unless otherwise stated...
ooERDIGTs (SYD) METHOD OF DEPRECIAO Assume all companies are on a calendar year unless otherwise stated On January 1, 20X1, your company purchases for $550,000 a machine with an estimated useful life of 10 years and a salvage value of $50,000. Using SYD depreciation, the 20X2 depreciation expense is: a. $81,818 b. $90,000 c. $18,182 d. $200,000 On January 1, 20X1, your company purchases for $450,000 a machine with an estimated useful What is 20X4 depreciation expense? 2. life of...
o d curendar year unless otherwise statet 1. Your company uses the DDB method. Assets purchased...
o d curendar year unless otherwise statet 1. Your company uses the DDB method. Assets purchased betweeththey were depreciated for the entire month; assets purchased after the 15m as acquired the ollowing month. On May 1,20X1, it purchases for s253 with a useful life of 12 years and a salvage value of $10,000. book value at the end of 20X2? 1st and 15th are though they were he machine's $250,000 a machi What is the machine's ne a. $173,611 b....
On July 1, 20X1, your company, which uses the straight-line method, purchases 3 machines, as follows:...
On July 1, 20X1, your company, which uses the straight-line method, purchases 3 machines, as follows: Cost Salvage Value Useful Life Machine #1 $80,000 $14,000 12 years Machine #2 $55,000 $10,000 8 years Machine #3 $27,000 $3,000 5 years Assets purchased between the 1st and 15th of the month are depreciated for the entire month; assets purchased after the 15th of the month are treated as though they were acquired...
PROF. K. JEFFERS ASA COLLEGE ACC 100 years and have following month Management estimate the building...
PROF. K. JEFFERS ASA COLLEGE ACC 100 years and have following month Management estimate the building will last avage value of $150,000. What is 20X1 depreciation expect 500.000 b $1,667 $14,000 HE FINANCIAL STAI 18 On January 1, 20X1. your company purchases for $550.000 a machine with an estimated useful life of 10 years and a salvage value of $50.000 Using SYD depreciation, the 20x2 depreciation expenses 581.818 S90.000 c S18152 d $200,000 19 On July 11, 20X1. your firm...
Your company uses the DDB method. Assets purchased between the 1st and 15th are depreciated for...
Your company uses the DDB method. Assets purchased between the 1st and 15th are depreciated for the entire month; assets purchased after the 15th as though they were acquired the following month. On January 12, 20X1, your company purchases for $200,000 a machine that management estimates will last 10 years and have a salvage value of $50,000. What is 20X2 depreciation expense? a. $32,000 b. $40,000 c. $30,000 d. $24,000 On January 22, 20X1, your company purchases a machine for...
ACC 160 ASA COLLEGE PROF. K. JEFFERS 36. On January 1, 20X1, your company, which uses...
ACC 160 ASA COLLEGE PROF. K. JEFFERS 36. On January 1, 20X1, your company, which uses the straight-line method, purchases 3 machines, recorded as follows" Cost $ 6,000 6,000 11,000 Salvage Value $1,000 1,000 1,000 Useful Life Machine No. 1 Machine No. 2 Machine No. 3 5 years 10 years 10 years What is total 20X1 depreciation for the 3 machines? $2,500 b. $2,900 a. $1,250 c. d. $5,000 37. DepCo uses the straight-line method. Assets purchased between the 1"...
$80,000 55,000 27,000 $14,000 10,000 3,000 12 years 8 years 5 years Machine No. 2 /Machine...
$80,000 55,000 27,000 $14,000 10,000 3,000 12 years 8 years 5 years Machine No. 2 /Machine No. 3 Assets purchased between the 1t and 15h are depreciated for the entire month; purchased after the 15th as though they were acquired the following mont total 20X1 depreciation for the 3 machines? a. $15,925 $9.471 $7,963 $18,942 RayCo uses the straight-ine method. Assets purchased between t depreciated for the entire the 1st and 15th are month; assets purchased after the 15th as...
d. $24,000 r the entire month; assets purchased after the 15th as thougaa salvage month. Management...
d. $24,000 r the entire month; assets purchased after the 15th as thougaa salvage month. Management estimates the machine will last 10 years and of $60,000. What is 20X1 depreciation expense? uses 150% DB , zoxī, your company purchasesamaeenthe 1st and dred the ton machine for $200,000. Your company ciated valu depreciation. Assets purchased between the Tas ani the oalue $21,000 b $27,500 c. $19,250 d. $25,667 On July 8, 20x1, pur DDB method. Assets purchased between the 1st and...
tering Depreciation 6 On May 1, 20X1, your company purchases for $260,000 a machine with an estimated useful life of 12 years and a salvage value of $10,000 Your company uses SYD depreciation and depreciates assets purchased between the 1 and 15h of the month for the entire month and assets purchased after the 15 as though they were acquired the following month. What is 20X2 depreciation expense? a. $38,462 b. $38256 $36,325 d. $35,256
On July 1, 20X1, ZipCo, which uses UOP depreciation, purchases for $36,000 a truck with an estimated useful life of 60,000 miles and a residual value of $6,000. Miles driven are as follows: Year 20x1 20X2 20x3 20x4 20x5 Miles 5,000 10,000 20,000 25,000 30,000 The book value of the truck on December 31, 20X3 is: Your company uses the DDB method. Assets purchased between the 1st and 15th are depreciated for the entire month; assets purchased after the 15th...
ooERDIGTs (SYD) METHOD OF DEPRECIAO Assume all companies are on a calendar year unless otherwise stated On January 1, 20X1, your company purchases for $550,000 a machine with an estimated useful life of 10 years and a salvage value of $50,000. Using SYD depreciation, the 20X2 depreciation expense is: a. $81,818 b. $90,000 c. $18,182 d. $200,000 On January 1, 20X1, your company purchases for $450,000 a machine with an estimated useful What is 20X4 depreciation expense? 2. life of...
o d curendar year unless otherwise statet 1. Your company uses the DDB method. Assets purchased betweeththey were depreciated for the entire month; assets purchased after the 15m as acquired the ollowing month. On May 1,20X1, it purchases for s253 with a useful life of 12 years and a salvage value of $10,000. book value at the end of 20X2? 1st and 15th are though they were he machine's $250,000 a machi What is the machine's ne a. $173,611 b....
PROF. K. JEFFERS ASA COLLEGE ACC 100 years and have following month Management estimate the building will last avage value of $150,000. What is 20X1 depreciation expect 500.000 b $1,667 $14,000 HE FINANCIAL STAI 18 On January 1, 20X1. your company purchases for $550.000 a machine with an estimated useful life of 10 years and a salvage value of $50.000 Using SYD depreciation, the 20x2 depreciation expenses 581.818 S90.000 c S18152 d $200,000 19 On July 11, 20X1. your firm...
Your company uses the DDB method. Assets purchased between the 1st and 15th are depreciated for the entire month; assets purchased after the 15th as though they were acquired the following month. On January 12, 20X1, your company purchases for $200,000 a machine that management estimates will last 10 years and have a salvage value of $50,000. What is 20X2 depreciation expense? a. $32,000 b. $40,000 c. $30,000 d. $24,000 On January 22, 20X1, your company purchases a machine for...
ACC 160 ASA COLLEGE PROF. K. JEFFERS 36. On January 1, 20X1, your company, which uses the straight-line method, purchases 3 machines, recorded as follows" Cost $ 6,000 6,000 11,000 Salvage Value $1,000 1,000 1,000 Useful Life Machine No. 1 Machine No. 2 Machine No. 3 5 years 10 years 10 years What is total 20X1 depreciation for the 3 machines? $2,500 b. $2,900 a. $1,250 c. d. $5,000 37. DepCo uses the straight-line method. Assets purchased between the 1"...
$80,000 55,000 27,000 $14,000 10,000 3,000 12 years 8 years 5 years Machine No. 2 /Machine No. 3 Assets purchased between the 1t and 15h are depreciated for the entire month; purchased after the 15th as though they were acquired the following mont total 20X1 depreciation for the 3 machines? a. $15,925 $9.471 $7,963 $18,942 RayCo uses the straight-ine method. Assets purchased between t depreciated for the entire the 1st and 15th are month; assets purchased after the 15th as...
d. $24,000 r the entire month; assets purchased after the 15th as thougaa salvage month. Management estimates the machine will last 10 years and of $60,000. What is 20X1 depreciation expense? uses 150% DB , zoxī, your company purchasesamaeenthe 1st and dred the ton machine for $200,000. Your company ciated valu depreciation. Assets purchased between the Tas ani the oalue $21,000 b $27,500 c. $19,250 d. $25,667 On July 8, 20x1, pur DDB method. Assets purchased between the 1st and...
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