Double - declining balance method:- | |||||||
Double declining rate | = | (100%/ 10 years) X 2 | |||||
= | 20% | ||||||
Beginning book value | X | Double the straight line rate | Depreciation expense | Remaining Value (working) | |||
(i) | X | (ii) | = | (iii) | (i) - (iii) | ||
First year's depreciation | = | $ 43,500 | X | 20% | = | $ 8,700 | $ 34,800 |
Second year's depreciation | = | $ 34,800 | X | 20% | = | $ 6,960 | $ 27,840 |
Required information [The following information applies to the questions displayed below) Ramirez Company installs a computerized...
Required information [The following information applies to the questions displayed below.) Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $43,500. The machine's useful life is estimated at 10 years, or 385.000 units of product, with a $5,000 salvage value. During its second year, the machine produces 32,500 units of product. Determine the machine's second-year depreciation and year end book value under the straight line method. Straight-Line Depreciation Choose...
Required information (The following information applies to the questions displayed below] Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $43,500. The machine's useful life is estimated at 10 years, or 385,000 units of product, with a $5,000 salvage value. During its second year, the machine produces 32.500 units of product. Determine the machine's second-year depreciation using the double-declining-balance method ble declining balance Depr Annual Depreciation Choose Factors x'...
Check my work Required information [The following information applies to the questions displayed below.) Ramirez Company Installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $43,500. The machine's useful life is estimated at 10 years, or 385,000 units of product, with a $5,000 salvage value. During its second year, the machine produces 32,500 units of product. Determine the machine's second-year depreciation using the double-declining-balance method. = Double-declining-balance Depreciation Choose Factors: Choose...
Required information The following information applies to the questions displayed below. Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $45,300. The machine's useful life is estimated at 10 years, or 403.000 units of product, with a $5,000 salvage value. During its second year, the machine produces 34,300 units of product Determine the machine's second-year depreciation using the double-declining-balance method. Double-declining-balance Depreciation Annual Depreciation Choose Factors: Choose Factor(%) Depreciation...
Required information [The following information applies to the questions displayed below) Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $43,500. The machine's useful life is estimated at 10 years or 385,000 units of product, with a $5,000 salvage value. During its second year, the machine produces 32,500 units of product Determine the machine's second-year depreciation and year end book value under the straight-line method Straight Line Depreciation Choose...
Required information [The following information applies to the questions displayed below.] Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $49,000. The machine's useful life is estimated at 10 years, or 400,000 units of product, with a $9,000 salvage value. During its second year, the machine produces 34,000 units of product Determine the machine's second-year depreciation using the double-declining-balance method. Double declinino balance Depreciation Choose Factors:Choose Factors)Annual Depreciation Depreciation...
Required information [The following information applies to the questions displayed below.] Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $44,200. The machine's useful life is estimated at 10 years, or 392,000 units of product, with a $5,000 salvage value. During its second year, the machine produces 33,200 units of product. Determine the machine's second-year depreciation using the units-of-production method. Units-of-production Depreciation Annual Depreciation Expense Choose Numerator: Choose Denominator:...
Use the following information for the Exercises below. [The following information applies to the questions displayed below.) Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $43,500. The machine's useful life is estimated at 10 years, or 385,000 units of product, with a $5,000 salvage value. During its second year, the machine produces 32,500 units of product. Exercise 8-6 Double-declining-balance depreciation LO P1 Determine the machine's second-year depreciation using...
exercises Saved Required information (The following information applies to the questions displayed below Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $84,200. The machine's useful life is estimated at 20 years, or 391,000 units of product, with a $6,000 salvage value. During its second year, the machine produces 33,100 units of product Determine the machine's second-year depreciation using the double-declining-balance method. Double-declining-balance Depreciation Annual Depreciation Expense Depreciation expense...
Saved Required information [The following information applies to the questions displayed below.) Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $45,900. The machine's useful life is estimated at 10 years, or 389,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 32,900 units of product. Determine the machine's second-year depreciation using the double-declining balance method. Double-declining balance Depreciation Choose Factors: X C...