ANSWER:
Depreciation = (Value of Machine - Salvage Value) / Life of the Machinery
Year 1, Depreciation = (48,400 - 9,000) / 10 = $3,940
Year 2, Depreciation is also = $3,940 as straight line Depreciation method is applied.
Book value of the machinery after Year 2 = 48,400 - (3,940 + 3,940) = $40,520
! Required information Use the following information for the Exercises below. [The following information applies to...
Required information 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 $48,400. The machine's useful life is estimated at 10 years, or 394,000 units of product, with a $9,000 salvage value. During its second year, the machine produces 33,400 units of product. Exercise 8-4 Straight-line depreciation LO P1 Determine the machine's second-year...
8-Homewok Required information 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 $48,400. The machine's useful life is estimated at 10 years, or 394,000 units of product, with a $9,000 salvage value. During its second year, the machine produces 33,400 units of product Exercise 8-6 Double-declining-balance depreciation LO P1 Determine the machine's...
Required information 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 $80,600. The machine's useful life is estimated at 10 years, or 388,000 units of product, with a $3,000 salvage value. During its second year, the machine produces 32,800 units of product. Exercise 8-4 Straight-line depreciation LO P1 Determine the machine's second-year...
10 Required informetion Use the following information for the Exerčises below. r3 [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 $48,400. The machine's useful life is estimated at 10 years, or 394,000 units of product, with a $9,000 salvage value During its second year, the machine produces 33,400 units of product Exercise 8-5 Units-of-production depreciation LO P1 Determine the...
Required information 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 $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 Exercise 8-4 Straight-line depreciation LO P1 Determine the machine's second...
Required information [The following information applies to the questions displayed below.] Part 1 of 3 Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $48,400. The machine's useful life is estimated at 10 years, or 394,000 units of product, with a $9,000 salvage value. During its second year, the machine produces 33,400 units of product. points Determine the machine's second-year depreciation and year end book value under the straight-line...
Required information 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 $86,200. The machine's useful life is estimated at 10 years, or 396.000 units of product, with a $7000 salvage value During its second year, the machine produces 33,600 units of product. Exercise 10-4 Straight-line depreciation LO P1 Determine the machine's second-year...
Required information 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 8-4 Straight-line depreciation LO P1 Determine the machine's second-year...
Required information 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 $84,200. The machine's useful life is estimated at 10 years, or 386,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 32,600 units of product Exercise 10-4 Straight-line depreciation LO P1 Determine the machine's second-year...
Required information 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 8-4 Straight-line depreciation LO P1 Determine the machine's second-year...