Find the amount of deprecation for the following using the straight line method: Cost: &nbsp

Question

Question

Find the amount of deprecation for the following using the straight line method:

Cost: $8,500

Estimated Life: 18 years

Estimated scrap value $1,000

Cost: $38,200

Estimated Life: 10 years

Estimated scrap value $150

Answer 1

Answer #1

А 1 Calculation of Depreciation by Straight line method = (Cost- Scrap value)/No of useful life years 2 (1) ($8500 - 51000 )/

Answer 2

Similar Homework Help Questions

Use the following information to complete the deprecation schedule below using the Straight Line method of...

Use the following information to complete the deprecation schedule below using the Straight Line method of depreciation: An asset was purchased on Jan. 1 2017 at a cost of $60,000. The asset has a salvage value of $4,000 and an estimated life of 8 years. wwwwww VAR Year Annual Depreciation Book Value 60,000 on AWN
Use the following information to complete the deprecation schedule below using the Double Declining Balance method...

Use the following information to complete the deprecation schedule below using the Double Declining Balance method of depreciation: An asset was purchased on Jan. 1 2017 at a cost of $60,000. The asset has a salvage value of $4,000 and an estimated life of 8 years. Year Book Value Rate Depreciation Book Value
Calculator The calculation for annual depreciation using the straight-line depreciation method is a. Depreciable Cost/Estimated Useful...

Calculator The calculation for annual depreciation using the straight-line depreciation method is a. Depreciable Cost/Estimated Useful Life b. Depreciable Cost * Estimated Useful Life c. Initial Cost/Estimated Useful Life Od. Initial Cost Estimated Useful Life

Straight-Line Depreciation A refrigerator used by a wholesale warehouse has a cost of $82,000, an estimated...

Straight-Line Depreciation A refrigerator used by a wholesale warehouse has a cost of $82,000, an estimated residual value of $6,200, and an estimated useful life of 8 years. What is the amount of the annual depreciation computed by the straight-line method?
Straight-Line Depreciation A refrigerator used by a wholesale warehouse has a cost of $80,100, an estimated...

Straight-Line Depreciation A refrigerator used by a wholesale warehouse has a cost of $80,100, an estimated residual value of $5,100, and an estimated useful life of 8 years. What is the amount of the annual depreciation computed by the straight-line method? $
14.1 Using the Straight Line (SL) depreciation method, what is the (a) annual depreciation charge, Dt=?,...

14.1 Using the Straight Line (SL) depreciation method, what is the (a) annual depreciation charge, Dt=?, (b) the total accumulated depreciation charge, D4=? , at the end of year 4, and (c) the book value, BV=? , at the end of year 4, for an automobile with a Five-year useful life that has a first cost of $19,657 and an $8,418.40 salvage value? 14.1 Using the Straight Line (SL) depreciation method, what is the (a) annual depreciation charge, DF?, (b)...

Straight-Line Depreciation A building acquired at the beginning of the year at a cost of $125,800...

Straight-Line Depreciation A building acquired at the beginning of the year at a cost of $125,800 has an estimated residual value of $4,800 and an estimated useful life of 10 years. Determine the following: (a) The depreciable cost (b) The straight-line rate (c) The annual straight-line depreciation
Straight-Line Depreciation A building acquired at the beginning of the year at a cost of $1,450,000...

Straight-Line Depreciation A building acquired at the beginning of the year at a cost of $1,450,000 has an estimated residual value of $300,000 and an estimated useful life of 10 years. Determine the following: (a) The depreciable cost The straight-line rate (b) % (c) The annual straight-line depreciation >
Question 1 Straight-Line Depreciation A building acquired at the beginning of the year at a cost...

Question 1 Straight-Line Depreciation A building acquired at the beginning of the year at a cost of $142,500 has an estimated residual value of $5,500 and an estimated useful life of 10 years. Determine the following: (a) The depreciable cost (b) The straight-line rate % (c) The annual straight-line depreciation $

Straight-Line Depreciation A building acquired at the beginning of the year at a cost of $139,400...

Straight-Line Depreciation A building acquired at the beginning of the year at a cost of $139,400 has an estimated residual value of $5,400 and an estimated useful life of 10 years. Determine the following: (a) The depreciable cost (b) The straight-line rate (c) The annual straight-line depreciation $ Units-of-activity Depreciation A truck acquired at a cost of $340,000 has an estimated residual value of $20,200, has an estimated useful life of 52,000 miles, and was driven 4,700 miles during the...