Homework Answers
Depreciation expense for the current year
= Accumulated depreciation * (current year production / total production)
Accumulated Depreciation = Cost - Residual value
= $640,000 - $100,000
= $540,000
Depreciation expense for the current year
= $540,000 * (660,000 / 2,000,000)
= $540,000 * 0.33
= $178,200
Add Answer to:
Marshall Company purchases a machine for $640,000 . The machine has
an estimated residual value of...
Marshall Company purchases a machine for $840,000. The machine has an estimated residual value of $40,000....
Marshall Company purchases a machine for $840,000. The machine has an estimated residual value of $40,000. The company expects the machine to produce four million units. The machine is used to make 680,000 units during the current period. If the units-of-production method is used, the depreciation expense for this period is:
A machine with a cost of $105 000 has an estimated residual value of $5 000...
A machine with a cost of $105 000 has an estimated residual value of $5 000 and an estimated life of eight years or 10 000 hours. It is to be depreciated by the units-of-activity method. What is the amount of depreciation for the second full year, during which the machine was used 6 000 hours? $60,000 $75,000 $16,000 $5,000
A machine with a cost of $61,232.00 has an estimated residual value of $4,251.00 and an...
A machine with a cost of $61,232.00 has an estimated residual value of $4,251.00 and an estimated life of 6 years or 18,802 hours. It is to be depreciated by the units-of-output method. What is the amount of depreciation for the second full year, during which the machine was used 4,277 hours? Do not round your intermediate calculations. O$9,496.83 O$18,993.67 O $13,928.80 O$12,961.80
A machine with a cost of $71,916.00 has an estimated residual value of $4,607.00 and an...
A machine with a cost of $71,916.00 has an estimated residual value of $4,607.00 and an estimated life of 3 years or 15,449 hours. It is to be depreciated by the units-of-production method. What is the amount of depreciation for the second full year, during which the machine was used 4,145 hours? Select the correct answer. $18,059.15 $22,436.33 $19,295.22 $44,872.67 Equipment with a cost of $168,104.00 has an estimated residual value of $9,445.00 and an estimated life of 6 years...
Cheshire Corporation purchases a machine for $155,000. It has an estimated salvage value of $20,000 and...
Cheshire Corporation purchases a machine for $155,000. It has an estimated salvage value of $20,000 and is expected to produce 100,000 units in its lifetime. During the first year of operation, it produced 14,500 units. To the nearest dollar, the depreciation for the first year under the units of production method will be: (Round intermediary calculations to the nearest cent, and the final answer to the nearest dollar) O A. $38,750. O B. $22,475 O C. $19,575. O D. $33,750
16. A machine with a cost of $80,000 has an estimated residual value of $5,000 and...
16. A machine with a cost of $80,000 has an estimated residual value of $5,000 and an estimated life of 5 years or 15.000 hours. It is to be depreciated by the units-of-production method. What is the amount of depreciation for the second full year, during which the machine was used 5,000 hours? a $5.000 b. $25,000 c. $15,000 d $26,667 17. Computer equipment was acquired at the beginning of the year at a cost of $65,000 that has an...
A machine with a cost of $64,845.00 has an estimated residual value of $4,663.00 and an...
A machine with a cost of $64,845.00 has an estimated residual value of $4,663.00 and an estimated life of 7 years or 19,813 hours. It is to be depreciated by the units-of-production method. What is the amount of depreciation for the second full year, during which the machine was used 4,390 hours? Select the correct answer $13,334.63 $8,597.43 $14,367.82 $17.194.86 o pet se delete backspac
QUESTION 2 A machine with a cost of $65,000 has an estimated residual value of $5,000...
QUESTION 2 A machine with a cost of $65,000 has an estimated residual value of $5,000 and an estimated life of 5 years or 15,000 hours. It is to be depreciated by the units-of-production method. What is the amount of depreciation for a second full year, during which the machine was used 5,000 hours? O $8,000 O$20,000 $12,000 O $21.667
A machine with a cost of $198,000 has an estimated residual value of $18,000 and an...
A machine with a cost of $198,000 has an estimated residual value of $18,000 and an estimated life of 3 years or 18,000 hours. It is to be depreciated by the units-of-activity method. What is the amount of depreciation for the second full year, during which the machine was used 6,700 hours? $6,700 $67,000 $80,400 $49,000
A machine with a cost of $140,000 has an estimated residual value of $14,000 and an...
A machine with a cost of $140,000 has an estimated residual value of $14,000 and an estimated life of 3 years or 14,000 hours. It is to be depreciated by the units-of-activity method. What is the amount of depreciation for the second full year, during which the machine was used 5,800 hours? a.$52,200 b.$5,800 c.$38,200 d.$63,800
A machine with a cost of $61,232.00 has an estimated residual value of $4,251.00 and an estimated life of 6 years or 18,802 hours. It is to be depreciated by the units-of-output method. What is the amount of depreciation for the second full year, during which the machine was used 4,277 hours? Do not round your intermediate calculations. O$9,496.83 O$18,993.67 O $13,928.80 O$12,961.80
A machine with a cost of $71,916.00 has an estimated residual value of $4,607.00 and an estimated life of 3 years or 15,449 hours. It is to be depreciated by the units-of-production method. What is the amount of depreciation for the second full year, during which the machine was used 4,145 hours? Select the correct answer. $18,059.15 $22,436.33 $19,295.22 $44,872.67 Equipment with a cost of $168,104.00 has an estimated residual value of $9,445.00 and an estimated life of 6 years...
Cheshire Corporation purchases a machine for $155,000. It has an estimated salvage value of $20,000 and is expected to produce 100,000 units in its lifetime. During the first year of operation, it produced 14,500 units. To the nearest dollar, the depreciation for the first year under the units of production method will be: (Round intermediary calculations to the nearest cent, and the final answer to the nearest dollar) O A. $38,750. O B. $22,475 O C. $19,575. O D. $33,750
16. A machine with a cost of $80,000 has an estimated residual value of $5,000 and an estimated life of 5 years or 15.000 hours. It is to be depreciated by the units-of-production method. What is the amount of depreciation for the second full year, during which the machine was used 5,000 hours? a $5.000 b. $25,000 c. $15,000 d $26,667 17. Computer equipment was acquired at the beginning of the year at a cost of $65,000 that has an...
A machine with a cost of $64,845.00 has an estimated residual value of $4,663.00 and an estimated life of 7 years or 19,813 hours. It is to be depreciated by the units-of-production method. What is the amount of depreciation for the second full year, during which the machine was used 4,390 hours? Select the correct answer $13,334.63 $8,597.43 $14,367.82 $17.194.86 o pet se delete backspac
QUESTION 2 A machine with a cost of $65,000 has an estimated residual value of $5,000 and an estimated life of 5 years or 15,000 hours. It is to be depreciated by the units-of-production method. What is the amount of depreciation for a second full year, during which the machine was used 5,000 hours? O $8,000 O$20,000 $12,000 O $21.667
Most questions answered within 3 hours.
-
You have a new site that your company just purchased. When you
inspected the site, you...
asked 1 minute ago -
Do you think that anyone requesting a sex change operation
should be entitled to receive one...
asked 8 minutes ago -
buffer chosen: phosphate, pH before addition of base 7.21 after
addition of base 8.87
1) What...
asked 6 minutes ago -
A firm is considering the purchase of a machine which would
represent an investment of $23...
asked 9 minutes ago -
Flower colour in a plant species is determined by two genes,
gene B and gene P....
asked 12 minutes ago -
findWordCrossIndex(horizontalWord, verticalWord) This function
finds and returns the index in the string "horizontalWord" of the
first...
asked 15 minutes ago -
evaluate the statements below and select those that correctly apply
to the role of PAMPs and...
asked 22 minutes ago -
Congratulations! You have just won the Lottery. The Lottery
Commission informs you that you can choose...
asked 27 minutes ago -
bulk flow (in respiration) moves blood from?
Air in and out of lungs?
air into lungs?...
asked 32 minutes ago -
Which of the following describes a private network?
1. A wide area network (WAN) linking sites...
asked 46 minutes ago -
The purpose of this
lab: Wireshark Intro Lab
is to get students
familiar with the use of...
asked 55 minutes ago -
Question 3
A 50 percent deduction is allowed for amounts paid or incurred for
dues and...
asked 53 minutes ago