--Requirement
Choose numerator | Choose Denominator | Annual Depreciation | |
(Cost - Salvage value) | Estimated useful life | Annual Depreciation | |
$243,000 | 5 | $48,600 | |
Year | Annual Depreciation | Fraction of year | Depreciation expense |
Year #1 | $48,600 | 0.75 or 9/12 | $36,450 |
Year #2 | $48,600 | 1 or 12/12 | $48,600 |
Required information Use the following information for the Exercises below. [The following information applies to the...
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] On April 1, Cyclone's Co. purchases a trencher for $292,000. The machine is expected to last five years and have a salvage value of $46,000. Exercise 8-11 Straight-line, partial-year depreciation LO C2 Compute depreciation expense at December 31 for the first and second year assuming the company uses the straight-line method. Choose Numerator: / Choose Denominator: Annual Depreciation Annual depreciation Depreciation...
Required information Use the following information for the Exercises below. The following information applies to the questions displayed below) On April 1. Cyclone's Co. purchases a trencher for $320,000. The machine is expected to last five years and have a salvage value of $60,000 Exercise 10-11 Straight-line, partial-year depreciation LO C2 Compute depreciation expense at December 31 for the first and second year assuming the company uses the straight-line method. Choose Numerator: Choose Denominator: Annual Depreciation Annual depreciation Depreciation Year...
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] On April 1, 2016, Cyclone's Backhoe Co. purchases a trencher for $312,000. The machine is expected to last five years and have a salvage value of $56,000. Exercise 10-11 Straight-line, partial-year depreciation LO C2 Compute depreciation expense for both years ending December 2016 and 2017 assuming the company uses the straight-line method. Choose Numerator: Choose Denominator: Annual Depreciation = Annual...
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] On April 1, Cyclone's Co. purchases a trencher for $288,000. The machine is expected to last five years and have a salvage value of $44,000. Exercise 8-11 Straight-line, partial-year depreciation LO C2 Compute depreciation expense at December 31 for the first and second year assuming the company uses the straight-line method.
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] On April 1, Cyclone's Co. purchases a trencher for $286,000. The machine is expected to last five years and have a salvage value of $43,000. Exercise 8-12 Double-declining-balance, partial-year depreciation LO C2 Compute depreciation expense at December 31 for both the first year and second year assuming the company uses the double- declining-balance method. (Enter all amounts as positive values.) Depreciation...
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below. On April 1, Cyclone's Co. purchases a trencher for $286,000. The machine is expected to last five years and have a salvage value of $43,000. Exercise 8-12 Double-declining-balance, partial-year depreciation LO C2 Compute depreciation expense at December 31 for both the first year and second year assuming the company uses the double- declining-balance method. (Enter all amounts as positive values.) Depreciation...
second. Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below. On April 1, Cyclone's Co. purchases a trencher for $310,000. The machine is expected to last five years and have a salvage value of $55,000. Exercise 8-12 Double-declining-balance, partial-year depreciation LO C2 Compute depreciation expense at December 31 for both the first year and second year assuming the company uses the double- declining-balance method. (Enter all amounts as positive values.)...
Required information [The following information applies to the questions displayed below.) On April 1, Cyclone's Co. purchases a trencher for $282,000. The machine is expected to last five years and have a salvage value of $41,000. Compute depreciation expense at December 31 for the first and second year assuming the company uses the straight-line method. Choose Numerator: 1 Choose Denominator: Annual Depreciation Annual depreciation Year Annual Depreciation x Fraction of Year Depreciation Expense First year Second year
this makes no sence Required information [The following information applies to the questions displayed below.) On April 1, Cyclone's Co. purchases a trencher for $298,000. The machine is expected to last five years and have a salvage value of $49,000. Compute depreciation expense at December 31 for the first and second year assuming the company uses the straight-line method. Choose Numerator: 1 Choose Denominator: = = = Annual Depreciation Annual depreciation 0 Depreciation Expense Year Annual Depreciation X Fraction of...
Required information (The following information applies to the questions displayed below.) On April 1, Cyclone's Co. purchases a trencher for $304,000. The machine is expected to last five years and have a salvage value of $52,000. Compute depreciation expense at December 31 for the first and second year assuming the company uses the straight-line method. Choose Numerator: Choose Denominator: Annual Depreciation Annual depreciation = = = - 5 Year Annual Depreciation X Fraction of Year Depreciation Expense First year 3/12...