Phillip Co. purchased a machine for CAD 800,000, and its salvage value is CAD 200,000 at...
Phillip Co. purchased a machine for CAD 800,000, and its salvage value is CAD 200,000 at the end of 10 years. If the machine is sold for CAD 180,000 at the end of year 8, what is the size of the recaptured depreciation or loss on disposal, (i) if the machine is depreciated by the DDB method, and (ii) if the machine is depreciated by the SOYD method? If the company’s tax rate is 30%, what is the amount of tax owed or tax credit under each case?
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Phillip Co. purchased a machine for CAD 800,000, and its salvage
value is CAD 200,000 at...
A machine costing $213,000 with a four-year life and an estimated $17,000 salvage value is installed...
A machine costing $213,000 with a four-year life and an
estimated $17,000 salvage value is installed in Luther Company’s
factory on January 1. The factory manager estimates the machine
will produce 490,000 units of product during its life. It actually
produces the following units: 123,400 in 1st year, 123,100 in 2nd
year, 120,000 in 3rd year, 133,500 in 4th year. The total number of
units produced by the end of year 4 exceeds the original
estimate—this difference was not predicted....
A machine costing $213,000 with a four-year life and an estimated $17,000 salvage value is installed...
A machine costing $213,000 with a four-year life and an
estimated $17,000 salvage value is installed in Luther Company’s
factory on January 1. The factory manager estimates the machine
will produce 490,000 units of product during its life. It actually
produces the following units: 123,200 in 1st year, 123,800 in 2nd
year, 120,400 in 3rd year, 132,600 in 4th year. The total number of
units produced by the end of year 4 exceeds the original
estimate—this difference was not predicted....
A machine costing $207,800 with a four-year life and an estimated $17,000 salvage value is installed...
A machine costing $207,800 with a four-year life and an
estimated $17,000 salvage value is installed in Luther Company’s
factory on January 1. The factory manager estimates the machine
will produce 477,000 units of product during its life. It actually
produces the following units: 123,400 in Year 1, 124,400 in Year 2,
120,500 in Year 3, 118,700 in Year 4. The total number of units
produced by the end of Year 4 exceeds the original estimate—this
difference was not predicted....
A machine costing $209,600 with a four-year life and an estimated $16,000 salvage value is installed...
A machine costing $209,600 with a four-year life and an estimated $16,000 salvage value is installed in Luther Company’s factory on January 1. The factory manager estimates the machine will produce 484,000 units of product during its life. It actually produces the following units: 122,400 in 1st year, 122,400 in 2nd year, 121,000 in 3rd year, 128,200 in 4th year. The total number of units produced by the end of year 4 exceeds the original estimate—this difference was not predicted....
A machine costing $213,200 with a four-year life and an estimated $16,000 salvage value is Installed In Luther Com...
A machine costing $213,200 with a four-year life and an estimated $16,000 salvage value is Installed In Luther Company's factory on January 1. The factory manager estimates the machine will produce 493,000 units of product during its life. It actually produces the following units: 122,000 In Year 1, 124,300 In Year 2, 121,100 In Year 3, 135,600 In Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate-this difference was not predicted....
A machine costing $207,200 with a four-year life and an estimated $16.000 salvage value is installed...
A machine costing $207,200 with a four-year life and an estimated $16.000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 478,000 units of product during its life. It actually produces the following units: 122,100 in Year 1,124,000 in Year 2, 119,800 in Year 3, 122100 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate--this difference was not predicted. (The...
A machine costing $207,200 with a four-year life and an estimated $16.000 salvage value is installed...
A machine costing $207,200 with a four-year life and an estimated $16.000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 478,000 units of product during its life. It actually produces the following units: 122,100 in Year 1,124,000 in Year 2, 119,800 in Year 3, 122100 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate--this difference was not predicted. (The...
A machine costing $216,600 with a four-year life and an estimated $19,000 salvage value is installed...
A machine costing $216,600 with a four-year life and an estimated $19,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 494,000 units of product during its life. It actually produces the following units: 121,700 in 1st year, 123,000 in 2nd year, 121,500 in 3rd year, 137,800 in 4th year. The total number of units produced by the end of year 4 exceeds the original estimate-this difference was not predicted....
A machine costing $216,600 with a four-year life and an estimated $19,000 salvage value is installed in Luther Co...
A machine costing $216,600 with a four-year life and an estimated $19,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 494,000 units of product during its life. It actually produces the following units: 122.400 in 1st year, 122,500 in 2nd year, 120,500 in 3rd year, 138,600 in 4th year. The total number of units produced by the end of year 4 exceeds the original estimate--this difference was not predicted....
A machine costing $215,800 with a four-year life and an estimated $19,000 salvage value is installed in Luth...
A machine costing $215,800 with a four-year life and an estimated $19,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 492,000 units of product during its life. It actually produces the following units: 123,000 in Year 1, 123,200 in Year 2, 120,800 in Year 3, 135,000 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate-this difference was not predicted....
A machine costing $213,000 with a four-year life and an
estimated $17,000 salvage value is installed in Luther Company’s
factory on January 1. The factory manager estimates the machine
will produce 490,000 units of product during its life. It actually
produces the following units: 123,400 in 1st year, 123,100 in 2nd
year, 120,000 in 3rd year, 133,500 in 4th year. The total number of
units produced by the end of year 4 exceeds the original
estimate—this difference was not predicted....
A machine costing $213,000 with a four-year life and an
estimated $17,000 salvage value is installed in Luther Company’s
factory on January 1. The factory manager estimates the machine
will produce 490,000 units of product during its life. It actually
produces the following units: 123,200 in 1st year, 123,800 in 2nd
year, 120,400 in 3rd year, 132,600 in 4th year. The total number of
units produced by the end of year 4 exceeds the original
estimate—this difference was not predicted....
A machine costing $207,800 with a four-year life and an
estimated $17,000 salvage value is installed in Luther Company’s
factory on January 1. The factory manager estimates the machine
will produce 477,000 units of product during its life. It actually
produces the following units: 123,400 in Year 1, 124,400 in Year 2,
120,500 in Year 3, 118,700 in Year 4. The total number of units
produced by the end of Year 4 exceeds the original estimate—this
difference was not predicted....
A machine costing $213,200 with a four-year life and an estimated $16,000 salvage value is Installed In Luther Company's factory on January 1. The factory manager estimates the machine will produce 493,000 units of product during its life. It actually produces the following units: 122,000 In Year 1, 124,300 In Year 2, 121,100 In Year 3, 135,600 In Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate-this difference was not predicted....
A machine costing $207,200 with a four-year life and an estimated $16.000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 478,000 units of product during its life. It actually produces the following units: 122,100 in Year 1,124,000 in Year 2, 119,800 in Year 3, 122100 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate--this difference was not predicted. (The...
A machine costing $207,200 with a four-year life and an estimated $16.000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 478,000 units of product during its life. It actually produces the following units: 122,100 in Year 1,124,000 in Year 2, 119,800 in Year 3, 122100 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate--this difference was not predicted. (The...
A machine costing $216,600 with a four-year life and an estimated $19,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 494,000 units of product during its life. It actually produces the following units: 121,700 in 1st year, 123,000 in 2nd year, 121,500 in 3rd year, 137,800 in 4th year. The total number of units produced by the end of year 4 exceeds the original estimate-this difference was not predicted....
A machine costing $216,600 with a four-year life and an estimated $19,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 494,000 units of product during its life. It actually produces the following units: 122.400 in 1st year, 122,500 in 2nd year, 120,500 in 3rd year, 138,600 in 4th year. The total number of units produced by the end of year 4 exceeds the original estimate--this difference was not predicted....
A machine costing $215,800 with a four-year life and an estimated $19,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 492,000 units of product during its life. It actually produces the following units: 123,000 in Year 1, 123,200 in Year 2, 120,800 in Year 3, 135,000 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate-this difference was not predicted....
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