Homework Answers
Answer: Option ( C ) $14,400
Depreciation rate = (1 / 5) *2 = 40%
Year 2019 Cost 60000 - 24000 = 36000
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Kansas Enterprises purchased equipment for $60,000 on January 1, 2018. The equipment is expected to have...
Kansas Enterprises purchased equipment for $60,000 on January 1, 2012. The equipment is expected to have...
Kansas Enterprises purchased equipment for $60,000 on January 1, 2012. The equipment is expected to have a five-year life, with a residual value of $5,000 at the end of five years. Using the double-declining balance method, the book value at December 31, 2013 would be: A. $21,600 B. $45,600 C. $36,000 D. $24,800
Kansas Enterprises purchased equipment for $75,000 on January 1,2018. The equipment is expected to have a...
Kansas Enterprises purchased equipment for $75,000 on January 1,2018. The equipment is expected to have a five-year life, with a residual value of $6,750 at the end of five years Using the double-declining balance method, depreclation expense for 2018 would be (Do not round your intermediate calculations) O $30,000 O $23.250. O $15,000 O $27.300.
Kansas Enterprises purchased equipment for $77,500 on January 1, 2021. The equipment is expected to have...
Kansas Enterprises purchased equipment for $77,500 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of $7,800 at the end of five years. Using the double-declining balance method, depreciation expense for 2022 would be: (Do not round your intermediate calculations) Multiple Cholce $16,728. $27,880. $31,000. $18,600.
Kansas Enterprises purchased equipment for $72,000 on January 1, 2021. The equipment is expected to have...
Kansas Enterprises purchased equipment for $72,000 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of $8,100 at the end of five years. Using the double-declining balance method, depreciation expense for 2021 would be: Can anyone show me how you get this answer (Show work)
1) Kansas Enterprises purchased equipment for $79,000 on January 1, 2021. The equipment is expected to...
1) Kansas Enterprises purchased equipment for $79,000 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of $6,900 at the end of five years. Using the straight-line method, depreciation expense for 2021 would be: 2) Kansas Enterprises purchased equipment for $80,500 on January 1, 2021. The equipment is expected to have a ten-year service life, with a residual value of $6,450 at the end of ten years. Using the straight-line method,...
Kansas Enterprises purchased equipment for $78,500 on January 1, 2021. The equipment is expected to have...
Kansas Enterprises purchased equipment for $78,500 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of $6,600 at the end of five years. Using the double-declining balance method, depreciation expense for 2021 would be: (Do not round your intermediate calculations) 1 Multiple Choice 0 $15,700. 0 $24,800. 0 $28,760. $28,760. 0 $31,400.
Cutter Enterprises purchased equipment for $48,000 on January 1, 2018. The equipment is expected to have...
Cutter Enterprises purchased equipment for $48,000 on January 1, 2018. The equipment is expected to have a five-year life and a residual value of $8,700. Using the double-declining balance method, depreciation for 2019 would be: Multiple Choice $19,200. $9,432. $11,520. None of these answer choices are correct.
Cutter Enterprises purchased equipment for $84,000 on January 1, 2018. The equipment is expected to have...
Cutter Enterprises purchased equipment for $84,000 on January 1, 2018. The equipment is expected to have a five-year life and a residual value of $6,300. Using the double-declining balance method, the book value at December 31, 2019, would be:
Cutter Enterprises purchased equipment for $48,000 on January 1, 2018. The equipment is expected to have...
Cutter Enterprises purchased equipment for $48,000 on January 1, 2018. The equipment is expected to have a five-year life and a residual value of $6,600. Using the double-declining balance method, depreciation for 2018 and the book value at December 31, 2018, would be:
Kansas Enterprises purchased equipment for $77,500 on January 1, 2021. The equipment is expected to have...
Kansas Enterprises purchased equipment for $77,500 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of $7,950 at the end of five years. Using the straight-line method, depreciation expense for 2021 would be: Multiple Choice $13,910. $17,090. $31,000. $15,500.
Kansas Enterprises purchased equipment for $75,000 on January 1,2018. The equipment is expected to have a five-year life, with a residual value of $6,750 at the end of five years Using the double-declining balance method, depreclation expense for 2018 would be (Do not round your intermediate calculations) O $30,000 O $23.250. O $15,000 O $27.300.
Kansas Enterprises purchased equipment for $77,500 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of $7,800 at the end of five years. Using the double-declining balance method, depreciation expense for 2022 would be: (Do not round your intermediate calculations) Multiple Cholce $16,728. $27,880. $31,000. $18,600.
Kansas Enterprises purchased equipment for $78,500 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of $6,600 at the end of five years. Using the double-declining balance method, depreciation expense for 2021 would be: (Do not round your intermediate calculations) 1 Multiple Choice 0 $15,700. 0 $24,800. 0 $28,760. $28,760. 0 $31,400.
Kansas Enterprises purchased equipment for $77,500 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of $7,950 at the end of five years. Using the straight-line method, depreciation expense for 2021 would be: Multiple Choice $13,910. $17,090. $31,000. $15,500.
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