Homework Answers
Here Answer is $18700
Calculated as
Cost = $31000
life = 4 years
salvage Value = $3800
Depreciable Value = $31000-$3800 = $27200
Per Year depreciation = $27200/4 = $6800
Depreciation for year 1 = $6800 x 9/12 = $5100
Depreciation for year 2 = $6800
Depreciation for year 3 = $6800
Accumulated depreciation on 31st December year 3 = $5100+$6800+$6800 = $18700
Hit Thumbs up if satisfied
Have any query mention in comment section please
Thank you
Add Answer to:
Peavey Enterprises purchased a depreciable asset for $31000 on April1, Year 1. The asset will be...
(5 points) Peavey Enterprises purchased a depreciable asset for $22,000 on April 1. Year 1. The...
(5 points) Peavey Enterprises purchased a depreciable asset for $22,000 on April 1. Year 1. The asset will be depreciated using the straight-line method over its four-year useful life. Assuming the assets salvage value is $2,000, Peavey Enterprises should recognize depreciation expense in Year 2 in the amount of: A) $10,000 B) $5,000 C) $5,500 D) $20,000 E) $9,250
Peavey Enterprises purchased a depreciable asset for $32,000 on April 1, Year 1. The asset will...
Peavey Enterprises purchased a depreciable asset for $32,000 on April 1, Year 1. The asset will be depreciated using the straight-line method over its four-year useful life. Assuming the asset's salvage value is $4,000, what will be the amount of accumulated depreciation on this asset on December 31, Year 3? Multiple Choice $19,250 $5,833 $5,833 $7,000 $23,333
Peavey Enterprises purchased a depreciable asset for $22,000 on April 1, Year 1. The asset will be depreciated using the...
Peavey Enterprises purchased a depreciable asset for $22,000 on April 1, Year 1. The asset will be depreciated using the straight-line method over its four-year useful life. Assuming the asset's salvage value is $2,000, Peavey Enterprises should recognize depreciation expense in Year 2 in the amount of:A) $10,000B) $5,000C) $5,500D) $20,000E) $9,250
Thomas Enterprises purchased a depreciable asset on October 1. Year 1 at a cost of $100,000....
Thomas Enterprises purchased a depreciable asset on October 1. Year 1 at a cost of $100,000. The asset is expected to have a salvage value of $15,000 at the end of its five-year useful life. If the asset is depreciated on the double-declining balance method, the asset's book value on December 31, Year 3 will be: $18.360 O $21,600 $32,400 $90,000 $27.540 Lomax Enterprises purchased a depreciable asset for $22.500 on March 1, Year 1 The asset will be depreciated...
Lima Enterprises purchased a depreciable asset for $31,500 on April 1, Year 1. The asset will...
Lima Enterprises purchased a depreciable asset for $31,500 on April 1, Year 1. The asset will be depreciated using the straight-line method over its four year useful life. Assuming the asset's salvage value is $3,900, what will be the amount of accumulated depreciation on this asset on December 31, Year 3? Multiple Choice Ο $23,000 Ο $18,975 Ο $27600 Ο $5.750 Ο $6,900
Lima enterprises purchased a depreciable asset for 27500 on April 1 , year 1. The asset will be depreciated using the st...
Lima enterprises purchased a depreciable asset for 27500 on April 1 , year 1. The asset will be depreciated using the striaght line method over it 4 year useful life. Assuming the assets salvage value is 3100, Lima enterprises should recognize depreciation expense in year 2 in the amount of: A. 23,383.33 B. 5083.33 c. 6100.00 d. 24,400.00 e. 6875.00
Beckman Enterprises purchased a depreciable asset on October 1. Year 1 at a cost of $100.000....
Beckman Enterprises purchased a depreciable asset on October 1. Year 1 at a cost of $100.000. The asset is expected to have a salvage value of $15.000 at the end of its five-year useful life. If the asset is depreciated on the double-declining-balance method, the asset's book value on December 31. Year 2 will be: Multiple Choice $18,360 $21,600 $27540 $54,000 $90,000
Colvin Enterprises purchased a depreciable asset on October 1, Year 1 at a cost of $148,000....
Colvin Enterprises purchased a depreciable asset on October 1, Year 1 at a cost of $148,000. The asset is expected to have a salvage value of $16,200 at the end of its five year useful life. If the asset is depreciated on the double declining balance method, the asset's book value on December 31, Year 2 will be Multiple Choice O $43,092 O $31968 $79.920 $133 200 $28,728
Colvin Enterprises purchased a depreciable asset on October 1. Year 1 at a cost of $116,000....
Colvin Enterprises purchased a depreciable asset on October 1. Year 1 at a cost of $116,000. The asset is expected to have a salvage value of $15,400 at the end of its five year useful life. If the asset is depreciated on the double-declining balance method, the asset's book value on December 31, Year 2 will be: Multiple Choice Ο $104,400 Ο $62640 Ο $25,056 Ο $32724 Ο $21,816
10. ABC purchased a depreciable asset for $22,000 on March 1, Year 1. The asset will be depreciated using the straight-l...
10. ABC purchased a depreciable asset for $22,000 on March 1, Year 1. The asset will be depreciated using the straight-line method over its four-year useful life. Assuming the assets's residual value is $2,000, ABC should recognize depreciation expense in Year 2 in the amount of: A. $19,166.67 B. $5,000.00 C. $5,500.00 D. $20,000.00 E. $4,166.67 (explain your answer please)
(5 points) Peavey Enterprises purchased a depreciable asset for $22,000 on April 1. Year 1. The asset will be depreciated using the straight-line method over its four-year useful life. Assuming the assets salvage value is $2,000, Peavey Enterprises should recognize depreciation expense in Year 2 in the amount of: A) $10,000 B) $5,000 C) $5,500 D) $20,000 E) $9,250
Thomas Enterprises purchased a depreciable asset on October 1. Year 1 at a cost of $100,000. The asset is expected to have a salvage value of $15,000 at the end of its five-year useful life. If the asset is depreciated on the double-declining balance method, the asset's book value on December 31, Year 3 will be: $18.360 O $21,600 $32,400 $90,000 $27.540 Lomax Enterprises purchased a depreciable asset for $22.500 on March 1, Year 1 The asset will be depreciated...
Lima Enterprises purchased a depreciable asset for $31,500 on April 1, Year 1. The asset will be depreciated using the straight-line method over its four year useful life. Assuming the asset's salvage value is $3,900, what will be the amount of accumulated depreciation on this asset on December 31, Year 3? Multiple Choice Ο $23,000 Ο $18,975 Ο $27600 Ο $5.750 Ο $6,900
Beckman Enterprises purchased a depreciable asset on October 1. Year 1 at a cost of $100.000. The asset is expected to have a salvage value of $15.000 at the end of its five-year useful life. If the asset is depreciated on the double-declining-balance method, the asset's book value on December 31. Year 2 will be: Multiple Choice $18,360 $21,600 $27540 $54,000 $90,000
Colvin Enterprises purchased a depreciable asset on October 1, Year 1 at a cost of $148,000. The asset is expected to have a salvage value of $16,200 at the end of its five year useful life. If the asset is depreciated on the double declining balance method, the asset's book value on December 31, Year 2 will be Multiple Choice O $43,092 O $31968 $79.920 $133 200 $28,728
Colvin Enterprises purchased a depreciable asset on October 1. Year 1 at a cost of $116,000. The asset is expected to have a salvage value of $15,400 at the end of its five year useful life. If the asset is depreciated on the double-declining balance method, the asset's book value on December 31, Year 2 will be: Multiple Choice Ο $104,400 Ο $62640 Ο $25,056 Ο $32724 Ο $21,816
Most questions answered within 3 hours.
-
Why is QE a controversial monetary policy tool.
A. It may lead to excessive inflation.B. By...
asked 18 seconds ago -
A finite potential well has depth U0 = 2.78 eV . What is the
penetration distance...
asked 25 minutes ago -
1. The bus bars of a power station are in two sections A and B
separated...
asked 24 minutes ago -
Fiscal policy is the deliberate manipulation of taxes and
government spending to alter GDP, employment, inflation...
asked 1 hour ago -
evaluating an expression using only one digit and + and - as
operators ....3+5-1+7-5+8
-----------------------
stack...
asked 1 hour ago -
Two concentric current loops lie in the same plane. The smaller
loop has a radius of...
asked 1 hour ago -
1)Which of the following is an
important difference between qualified and nonqualified retirement
plans?
a. Qualified...
asked 2 hours ago -
What's the streaming business's problem on the
horizon?
asked 2 hours ago -
I need help with writing the conclusion for this online lab
report
Abstract
By testing the...
asked 3 hours ago -
For the reaction 1N2+3H2-----> 2NH3, would the reaction rate
trend be: delta[NH3]/ delta t = -2...
asked 3 hours ago -
Within your current/past organization, identify a problem/issue
and format a design to address same. You may...
asked 3 hours ago -
A sock stuck to the side of a clothes-dryer barrel has a
centripetal acceleration of 24...
asked 4 hours ago