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OSOS un no 100. oblog2 E9.6 (LO2) Rottino Company purchased a new machine on October 1,...
Problem #2: Depreciation Methods (SHOW YOUR WORK) Numo Company purchased a new machine on October 1,...
Problem #2: Depreciation Methods (SHOW YOUR WORK) Numo Company purchased a new machine on October 1, 2020, at a cost of $145,000. The company estimated that the machine will have a salvage value of $25,000.The machine is expected to be used for 20,000 working hours during its 5-year life. Instructions Compute the depreciation expense under the following methods for the year indicated. (a) Straight-line for 2020. (b) Units-of-activity for 2020, assuming machine usage was 3,400 hours. (c) Declining-balance using double...
E9-6 Xanadu A/S purchased a new machine on October 1, 2017, at a cost of €96,000....
E9-6 Xanadu A/S purchased a new machine on October 1, 2017, at a cost of €96,000. The company estimated that the machine will have a residual value of €12,000. The machine is expected to be used for 10,000 working hours during its 5-year life. Determine depreciation for partial periods. (LO2) Instructions Compute the depreciation expense under the following methods for the year indicated. (a) Straight-line for 2017. (b) Units-of-activity for 2017, assuming machine usage was 1,700 hours. (c) Declining-balance using...
Skysong, Inc. purchased a new machine on October 1, 2020, at a cost of $118,000. The company estimated that the machine...
Skysong, Inc. purchased a new machine on October 1, 2020, at a cost of $118,000. The company estimated that the machine will have a salvage value of $12,000. The machine is expected to be used for 10,000 working hours during its 5-year life. Compute the depreciation expense under straight-line method for 2020. (Round answer to O decimal places, eg. 2,125.) 2019 $ Depreciation expense eTextbook and Media Compute the depreciation expense under units-of-activity for 2020, assuming machine usage was 1,610...
Exercise 10-06 a-c Sarasota Company purchased a new machine on October 1, 2020, at a cost...
Exercise 10-06 a-c Sarasota Company purchased a new machine on October 1, 2020, at a cost of $113,500. The company estimated that the machine will have a salvage value of $13,500. The machine is expected to be used for 10,000 working hours during its 5-year life. Compute the depreciation expense under straight-line method for 2020. (Round answer to 0 decimal places, e.g. 2,125.) 2020 Depreciation expenses LINK TO TEXT Compute the depreciation expense under units-of-activity for 2020, assuming machine usage...
MatthewCompany purchased a new machine on October 1, 2017, at a cost of $145,000. The company...
MatthewCompany purchased a new machine on October 1, 2017, at a cost of $145,000. The company estimated that the machine will have a salvage value of $25,000. The machine is expected to be used during its 5-year life. Instructions Compute the depreciation expense under the following methods for the year indicated. (a) Straight-line for 2017. (b) Declining-balance using double the straight-line rate for 2017 and 2018.
Pharoah Company purchased a new machine on October 1, 2022, at a cost of $80,100. The...
Pharoah Company purchased a new machine on October 1, 2022, at a cost of $80,100. The company estimated that the machine has a salvage value of $7,380. The machine is expected to be used for 72,000 working hours during its 10-year life. Compute depreciation using the following methods in the year indicated. Declining balance using double the straight line rate for 2022 and 2023. 2022 2023 Depreciation using the Declining balance methods Calculate the depreciation cost per hour. (Round answer...
Ayayai Corp. purchased a new machine on October 1, 2022 at a cost of $187,200. The company estimated that the machine h...
Ayayai Corp. purchased a new machine on October 1, 2022 at a cost of $187,200. The company estimated that the machine has a salvage value of $14,400. The machine is expected to be used for 144,000 working hours during its 8-year life. Compute depreciation using the following methods in the year indicated. Straight-line for 2022 and 2023, assuming a December 31 year-end. (Round answers to 0 decimal place, e.g. 1520.) 2022 2023 Straight-line method Declining-balance using double the straight-line rate...
Blossom Company purchased a new machine on October 1, 2017, at a cost of $87,200. The...
Blossom Company purchased a new machine on October 1, 2017, at a cost of $87,200. The company estimated that the machine has a salvage value of $7,400. The machi is expected to be used for 69,200 working hours during its 8-year life. Compute depreciation using the following methods in the year indicated. Declining balance using double the straight-line rate for 2017 and 2018. (Round answers to decimal places, e.g. 125) 2017 2018 Depreciation using the Declining balance methods LINK TO...
Question 16 Whispering Winds Corp. purchased a new machine on October 1, 2022 at a cost...
Question 16 Whispering Winds Corp. purchased a new machine on October 1, 2022 at a cost of $353,600. The company estimated that the machine has a salvage value of $27,200. The machine is expected to be used for 272,000 working hours during its 8-year life. Compute depreciation using the following methods in the year indicated. Straight-line for 2022 and 2023, assuming a December 31 year-end. (Round answers to o decimal place, e.g. 1520.) 2022 Straight-line method Declining-balance using double the...
Blossom Company purchased a new machine on October 1, 2022, at a cost of $70,100. The...
Blossom Company purchased a new machine on October 1, 2022, at a cost of $70,100. The company estimated that the machine has a salvage value of $4,380. The machine is expected to be used for 62,000 working hours during its 10-year life. Compute depreciation using the following methods in the year indicated. X Your answer is incorrect. Declining-balance using double the straight-line rate for 2022 and 2023. 2022 2023 Depreciation using the Declining-balance method $ 4381 6572 e Textbook and...
E9-6 Xanadu A/S purchased a new machine on October 1, 2017, at a cost of €96,000. The company estimated that the machine will have a residual value of €12,000. The machine is expected to be used for 10,000 working hours during its 5-year life. Determine depreciation for partial periods. (LO2) Instructions Compute the depreciation expense under the following methods for the year indicated. (a) Straight-line for 2017. (b) Units-of-activity for 2017, assuming machine usage was 1,700 hours. (c) Declining-balance using...
Skysong, Inc. purchased a new machine on October 1, 2020, at a cost of $118,000. The company estimated that the machine will have a salvage value of $12,000. The machine is expected to be used for 10,000 working hours during its 5-year life. Compute the depreciation expense under straight-line method for 2020. (Round answer to O decimal places, eg. 2,125.) 2019 $ Depreciation expense eTextbook and Media Compute the depreciation expense under units-of-activity for 2020, assuming machine usage was 1,610...
Exercise 10-06 a-c Sarasota Company purchased a new machine on October 1, 2020, at a cost of $113,500. The company estimated that the machine will have a salvage value of $13,500. The machine is expected to be used for 10,000 working hours during its 5-year life. Compute the depreciation expense under straight-line method for 2020. (Round answer to 0 decimal places, e.g. 2,125.) 2020 Depreciation expenses LINK TO TEXT Compute the depreciation expense under units-of-activity for 2020, assuming machine usage...
Pharoah Company purchased a new machine on October 1, 2022, at a cost of $80,100. The company estimated that the machine has a salvage value of $7,380. The machine is expected to be used for 72,000 working hours during its 10-year life. Compute depreciation using the following methods in the year indicated. Declining balance using double the straight line rate for 2022 and 2023. 2022 2023 Depreciation using the Declining balance methods Calculate the depreciation cost per hour. (Round answer...
Ayayai Corp. purchased a new machine on October 1, 2022 at a cost of $187,200. The company estimated that the machine has a salvage value of $14,400. The machine is expected to be used for 144,000 working hours during its 8-year life. Compute depreciation using the following methods in the year indicated. Straight-line for 2022 and 2023, assuming a December 31 year-end. (Round answers to 0 decimal place, e.g. 1520.) 2022 2023 Straight-line method Declining-balance using double the straight-line rate...
Blossom Company purchased a new machine on October 1, 2017, at a cost of $87,200. The company estimated that the machine has a salvage value of $7,400. The machi is expected to be used for 69,200 working hours during its 8-year life. Compute depreciation using the following methods in the year indicated. Declining balance using double the straight-line rate for 2017 and 2018. (Round answers to decimal places, e.g. 125) 2017 2018 Depreciation using the Declining balance methods LINK TO...
Question 16 Whispering Winds Corp. purchased a new machine on October 1, 2022 at a cost of $353,600. The company estimated that the machine has a salvage value of $27,200. The machine is expected to be used for 272,000 working hours during its 8-year life. Compute depreciation using the following methods in the year indicated. Straight-line for 2022 and 2023, assuming a December 31 year-end. (Round answers to o decimal place, e.g. 1520.) 2022 Straight-line method Declining-balance using double the...
Blossom Company purchased a new machine on October 1, 2022, at a cost of $70,100. The company estimated that the machine has a salvage value of $4,380. The machine is expected to be used for 62,000 working hours during its 10-year life. Compute depreciation using the following methods in the year indicated. X Your answer is incorrect. Declining-balance using double the straight-line rate for 2022 and 2023. 2022 2023 Depreciation using the Declining-balance method $ 4381 6572 e Textbook and...
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