Homework Answers
| Description | date purchased | cost | salvage value | Life in years | depreciation method | accumulated depreciation to 31/12/2021 | depreciation for 2022 | |
| Machine A | 02-12-20 | $158,200 | $18,500 | 10 | (a) | SYD | $36,830 | |
| Machine B | 15-08-19 | $184,260 | $23,310 | 5 | SL | $32,190 | $32,190 | |
| Machine C | 21-07-18 | $89,600 | $23,500 | 8 | DDB | $55,737.50 | $8,465.63 | |
| Machine D | 10-12-20 | $243,090 | $76,590 | 5 | SYD | $77,700 |
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Whispering Industries presents you with the following information. Complete the table for the year ended December...
Question 2 Whispering Industries presents you with the following information. Complete the table for the year...
Question 2 Whispering Industries presents you with the following information. Complete the table for the year ended December 31, 2022. The company depreciates all assets using the half-year convention. (Round answers to 0 decimal places, e.g. 45,892.) Depreciation for 2022 Description Date Purchased 2/12/20 Cost Machine A Depreciation Method (a) SYD SL Accumulated Depreciation to 12/31/21 $36,830 (b)s 32,190 (d) Machine B (C) Salvage Life Value in Years $18,500 10 23,310 5 23,500 8 76,590 5 8/15/19 7/21/18 10,730 $158,200...
Exercise 11-07 Marigold Industries presents you with the following information. Complete the table for the year...
Exercise 11-07 Marigold Industries presents you with the following information. Complete the table for the year ended December 31, 2022. The company depreciates all assets using the half-year convention. (Round answers to 0 decimal places, e.g. 45,892.) Date Purchased Salvage Value Life in Years Description Accumulated Depreciation to 12/31/21 Depreciation Method Depreciation for 2022 Cost $ Machine A 2/12/20 $148,200 $16,640 10 (a) $34,684 (b) Machine B 8/15/19 21,840 5 SL 30,160 (d) Machine C 7/21/18 89,600 23,500 8 (f)...
Concord Industries presents you with the following information. Complete the table for the year ended December...
Concord Industries presents you with the following information. Complete the table for the year ended December 31, 2022. The company depreciates all assets using the half-year convention. (Round answers to o decimal places, e.g. 45,892.) Accumulated Depreciation to 12/31/21 Cost Depreciation for 2022 Description Machine A Date Purchased 2/12/20 B/15/19 7/21/18 Depreciation Method (a) SYD $150,000 $35,090 (b) 30,450 (0) (0) Salvage Life Value in Years $16,900 10 22,0505 23,5008 72,4505 Machine B Machinec Machine D DDB (e) 67,200 229,950...
Blossom Industries presents you with the following information. Complete the table for the year ended December...
Blossom Industries presents you with the following information. Complete the table for the year ended December 31, 2022. The company depreciates all assets using the half-year convention. (Round answers to o decimal places, e.g. 45,892.) Date Purchased 2/12/20 Life in Years Salvage Value $20,200 Depreciation Method Depreciation for 2022 Description Machine A Cost Accumulated Depreciation to 12/31/21 $40,890 (b) 35,670 (d) $175,300 (a) Machine B Machine C Machine D 8/15/19 7/21/18 76,800 269,370 25,830 23,5008 84,870 DDB (e) SYD (9)...
Your answer is partially correct. Try again. Metlock Industries presents you with the following information....
Your answer is partially correct. Try again.
Metlock Industries presents you with the following
information.
Complete the table for the year ended December 31, 2022. The
company depreciates all assets using the half-year convention.
Description
Date
Purchased
Cost
Salvage
Value
Life
in Years
Depreciation
Method
Accumulated
Depreciation to
12/31/21
Depreciation
for 2022
Machine A
2/12/20
$156,750
$17,600
10
(a)
DDBSLSYD
$36,685
(b)
$
Machine B
8/15/19
(c)
23,100
5
SL
31,900
(d)
Machine C
7/21/18
64,000
23,500
8
DDB
(e)...
ustries presents you with the បរ”htnin / rahe entry E11.7 (LO 1, 2) (Different Methods of...
ustries presents you with the បរ”htnin / rahe entry E11.7 (LO 1, 2) (Different Methods of Depreciation) Jackel Industries presents you following information. Accumulated Date Salvage Life in Depreciation Depreciation Depreciatio Description Purchased Cost Value Years Method to 12/31/21 for 2022 Machine A 2/12/20 $142,500 $16,000 10 (a) $33,350 (b) Machine B 8/15/19 (c) 21,000 5 SL 29,000 Machine C 7/21/18 75,400 23,500 8 DDB (f) Machine D 10/15/(g) 219,000 69,000 5 SYD 70,000 (h) 101, 2) (Der muy comp...
Bonita Industries Ltd., a public company, presents you with the following information: (a) Complete the table...
Bonita Industries Ltd., a public company, presents you with the following information: (a) Complete the table for the year ended December 31, 2024. The company depreciates all assets for a half year in the year of acquisition and the year of disposal. (Round answers to 0 decimal places, e.g. 5,275.) Description Date Purchased Cost Residual Value Life in Years Depreciation Method Accumulated Depreciation to Dec. 31, 2023 Depreciation for 2024 Machine A Dec. 2, 2022 $165,000 $17,000 10 select a...
Bonita Industries Ltd., a public company, presents you with the following information: (a) Complete the table...
Bonita Industries Ltd., a public company, presents you with the following information: (a) Complete the table for the year ended December 31, 2024. The company depreciates all assets for a half year in the year of acquisition and the year of disposal. (Round answers to 0 decimal places, e.g. 5,275.) Description Date Purchased Cost Residual Value Life in Years Depreciation Method Accumulated Depreciation to Dec. 31, 2023 Depreciation for 2024 Machine A Dec. 2, 2022 $175,000 $12,000 10 select a...
Sweet Acacia Industries Ltd., a public company, presents you with the following information: (a) Complete the...
Sweet Acacia Industries Ltd., a public company, presents you with the following information: (a) Complete the table for the year ended December 31, 2024. The company depreciates all assets for a half year in the year of acquisition and the year of disposal. (Round answers to O decimal places, e.g. 5,275.) Date Purchased Residual Value Description Accumulated Depreciation to Dec. 31, 2023 Life in Years Cost Depreciation Method Depreciation for 2024 Machine A Dec. 2, 2022 $165,000 $16,000 10 $46,200...
The following information is available for Coronado Industries for the year ended December 31, 2022. Beginning...
The following information is available for Coronado Industries for the year ended December 31, 2022. Beginning cash balance $ 18,000 Accounts payable increase 4,275 Depreciation expense 30,750 Accounts receivable decrease 3,600 Inventory decrease 2,325 Net income 42,900 Cash received for sale of land at book value 78,000 Cash dividends paid 28,500 Income taxes payable decrease 2,925 Cash used to purchase land 60,750 Cash used to redeem bonds 49,500 Cash received from issuing stock 120,000 Prepare a statement of cash flows...
Question 2 Whispering Industries presents you with the following information. Complete the table for the year ended December 31, 2022. The company depreciates all assets using the half-year convention. (Round answers to 0 decimal places, e.g. 45,892.) Depreciation for 2022 Description Date Purchased 2/12/20 Cost Machine A Depreciation Method (a) SYD SL Accumulated Depreciation to 12/31/21 $36,830 (b)s 32,190 (d) Machine B (C) Salvage Life Value in Years $18,500 10 23,310 5 23,500 8 76,590 5 8/15/19 7/21/18 10,730 $158,200...
Exercise 11-07 Marigold Industries presents you with the following information. Complete the table for the year ended December 31, 2022. The company depreciates all assets using the half-year convention. (Round answers to 0 decimal places, e.g. 45,892.) Date Purchased Salvage Value Life in Years Description Accumulated Depreciation to 12/31/21 Depreciation Method Depreciation for 2022 Cost $ Machine A 2/12/20 $148,200 $16,640 10 (a) $34,684 (b) Machine B 8/15/19 21,840 5 SL 30,160 (d) Machine C 7/21/18 89,600 23,500 8 (f)...
Concord Industries presents you with the following information. Complete the table for the year ended December 31, 2022. The company depreciates all assets using the half-year convention. (Round answers to o decimal places, e.g. 45,892.) Accumulated Depreciation to 12/31/21 Cost Depreciation for 2022 Description Machine A Date Purchased 2/12/20 B/15/19 7/21/18 Depreciation Method (a) SYD $150,000 $35,090 (b) 30,450 (0) (0) Salvage Life Value in Years $16,900 10 22,0505 23,5008 72,4505 Machine B Machinec Machine D DDB (e) 67,200 229,950...
Blossom Industries presents you with the following information. Complete the table for the year ended December 31, 2022. The company depreciates all assets using the half-year convention. (Round answers to o decimal places, e.g. 45,892.) Date Purchased 2/12/20 Life in Years Salvage Value $20,200 Depreciation Method Depreciation for 2022 Description Machine A Cost Accumulated Depreciation to 12/31/21 $40,890 (b) 35,670 (d) $175,300 (a) Machine B Machine C Machine D 8/15/19 7/21/18 76,800 269,370 25,830 23,5008 84,870 DDB (e) SYD (9)...
Your answer is partially correct. Try again.
Metlock Industries presents you with the following
information.
Complete the table for the year ended December 31, 2022. The
company depreciates all assets using the half-year convention.
Description
Date
Purchased
Cost
Salvage
Value
Life
in Years
Depreciation
Method
Accumulated
Depreciation to
12/31/21
Depreciation
for 2022
Machine A
2/12/20
$156,750
$17,600
10
(a)
DDBSLSYD
$36,685
(b)
$
Machine B
8/15/19
(c)
23,100
5
SL
31,900
(d)
Machine C
7/21/18
64,000
23,500
8
DDB
(e)...
ustries presents you with the បរ”htnin / rahe entry E11.7 (LO 1, 2) (Different Methods of Depreciation) Jackel Industries presents you following information. Accumulated Date Salvage Life in Depreciation Depreciation Depreciatio Description Purchased Cost Value Years Method to 12/31/21 for 2022 Machine A 2/12/20 $142,500 $16,000 10 (a) $33,350 (b) Machine B 8/15/19 (c) 21,000 5 SL 29,000 Machine C 7/21/18 75,400 23,500 8 DDB (f) Machine D 10/15/(g) 219,000 69,000 5 SYD 70,000 (h) 101, 2) (Der muy comp...
Sweet Acacia Industries Ltd., a public company, presents you with the following information: (a) Complete the table for the year ended December 31, 2024. The company depreciates all assets for a half year in the year of acquisition and the year of disposal. (Round answers to O decimal places, e.g. 5,275.) Date Purchased Residual Value Description Accumulated Depreciation to Dec. 31, 2023 Life in Years Cost Depreciation Method Depreciation for 2024 Machine A Dec. 2, 2022 $165,000 $16,000 10 $46,200...
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