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Acrant contul company has acquired a new heavy-duty crane for $220.000 The company calculates depreciation on...
Acrant contul company has acquired a new heavy-duty crane for $220.000 The company calculates depreciation on...
Acrant contul company has acquired a new heavy-duty crane for $220.000 The company calculates depreciation on this equipment on the basis of number of rentals per year, and the salvage value of the crane at the end of to 12 your life in $30,000 the crane in rented an average of 142 days per year, what is the depreciation rate per rental? The depreciation is per day of tent (Round to the nearest dollar)
A crane rental company has acquired a new heavy-duty crane for $210,000. The company calculates depreciation...
A crane rental company has acquired a new heavy-duty crane for $210,000. The company calculates depreciation on this equipment on the basis of number of rentals per year, and the salvage value of the crane at the end of its 11-year life is $20,000. If the crane is rented an average of 101 days per year, what is the depreciation rate per rental? The depreciation is $ per day of rent. (Round to the nearest dollar.)
Dordine Company Use this format Dordine Company acquired equipment on March 1, 2020, at a cash...
Dordine Company
Use this format
Dordine Company acquired equipment on March 1, 2020, at a cash cost of $1,000,000. Transportation charges amounted to $12,000, installation cost was $40,000, testing costs were $30,000, and the payment of a fine for not getting the proper permit for moving the equipment was $1,000. The equipment was estimated to have a useful life of 12 years and a salvage value of $60,000 at the end of its life. It was further estimated that the...
Brock Florist Company buys a new delivery truck for $37,000. It is classified as a light-duty...
Brock Florist Company buys a new delivery truck for $37,000. It is classified as a light-duty truck the tax rate is 0.3 a. Calculate the depreciation schedule using a five-year life and MACRS depreciation b. Calculate the remaining book value at the end of year 4 and the termination value (aka cost recovery or after tax salvage value) for the delivery truck if the truck can be sold at the end of year 4 for $8,000 a. Calculate the depreciation...
Brock Florist Company buys a new delivery truck for $36,000. It is classified as a light-duty...
Brock Florist Company buys a new delivery truck for $36,000. It is classified as a light-duty truck. the tax rate is 0.3 a. Calculate the depreciation schedule using a five-year lfe and MACRS depreciation. b. Calculate the remaining book value at the end of year 4 and the termination value (aka. cost recovery or after tax salvage value) for the delivery truck if the truck can be sold at the end of year 4 for$2,000. a. Calculate the depreciation schedule...
Here is the problem: Dordine Company acquired equipment on March 1, 2020, at a cash cost...
Here is the problem: Dordine Company acquired equipment on March 1, 2020, at a cash cost of $1,000,000. Transportation charges amounted to $12,000, installation cost was $40,000, testing costs were $30,000, and the payment of a fine for not getting the proper permit for moving the equipment was $1,000. The equipment was estimated to have a useful life of 12 years and a salvage value of $60,000 at the end of its life. It was further estimated that the equipment...
On March 10, 2022, Crane Company sells equipment that it purchased for $193,920 on August 20,...
On March 10, 2022, Crane Company sells equipment that it purchased for $193,920 on August 20, 2015. It was originally estimated that the equipment would have a life of 12 years and a salvage value of $16,968 at the end of that time, and depreciation has been computed on that basis. The company uses the straight-line method of depreciation. Compute the depreciation charge on this equipment for 2015, for 2022, and the total charge for the period from 2016 to...
Brock Florist Company buys a new delivery truck for $34,000. It is classified as a light-duty truck. the tax rate is 0...
Brock Florist Company buys a new delivery truck for $34,000. It is classified as a light-duty truck. the tax rate is 0.3 a. Calculate the depreciation schedule using a five-year life and MACRS depreciation. b. Calculate the remaining book value at the end of year 4 and the termination value (aka. cost recovery or after tax salvage value) for the delivery truck if the truck can be sold at the end of year 4 for$2,000. a. Calculate the depreciation schedule...
1- Exercise 11-06 Crane Company purchased equipment for $192,000 on October 1, 2020. It is estimated...
1-
Exercise 11-06
Crane Company purchased equipment for $192,000 on October 1,
2020. It is estimated that the equipment will have a useful life of
8 years and a salvage value of $12,000. Estimated production is
36,000 units and estimated working hours are 20,000. During 2020,
Crane uses the equipment for 500 hours and the equipment produces
1,000 units.
Compute depreciation expense under each of the following methods.
Crane is on a calendar-year basis ending December 31.
(Round rate per...
Dordine Company acquired equipment on March 1, 2020, at a cash cost of $1,000,000. Transportation charges...
Dordine Company acquired equipment on March 1, 2020, at a cash cost of $1,000,000. Transportation charges amounted to $12,000, installation cost was $40,000, testing costs were $30,000, and the payment of a fine for not getting the proper permit for moving the equipment was $1.000. The equipment was estimated to have a useful life of 12 years and a salvage value of $60,000 at the end of its life. It was further estimated that the equipment would be used in...
Acrant contul company has acquired a new heavy-duty crane for $220.000 The company calculates depreciation on this equipment on the basis of number of rentals per year, and the salvage value of the crane at the end of to 12 your life in $30,000 the crane in rented an average of 142 days per year, what is the depreciation rate per rental? The depreciation is per day of tent (Round to the nearest dollar)
A crane rental company has acquired a new heavy-duty crane for $210,000. The company calculates depreciation on this equipment on the basis of number of rentals per year, and the salvage value of the crane at the end of its 11-year life is $20,000. If the crane is rented an average of 101 days per year, what is the depreciation rate per rental? The depreciation is $ per day of rent. (Round to the nearest dollar.)
Dordine Company
Use this format
Dordine Company acquired equipment on March 1, 2020, at a cash cost of $1,000,000. Transportation charges amounted to $12,000, installation cost was $40,000, testing costs were $30,000, and the payment of a fine for not getting the proper permit for moving the equipment was $1,000. The equipment was estimated to have a useful life of 12 years and a salvage value of $60,000 at the end of its life. It was further estimated that the...
Brock Florist Company buys a new delivery truck for $37,000. It is classified as a light-duty truck the tax rate is 0.3 a. Calculate the depreciation schedule using a five-year life and MACRS depreciation b. Calculate the remaining book value at the end of year 4 and the termination value (aka cost recovery or after tax salvage value) for the delivery truck if the truck can be sold at the end of year 4 for $8,000 a. Calculate the depreciation...
Brock Florist Company buys a new delivery truck for $36,000. It is classified as a light-duty truck. the tax rate is 0.3 a. Calculate the depreciation schedule using a five-year lfe and MACRS depreciation. b. Calculate the remaining book value at the end of year 4 and the termination value (aka. cost recovery or after tax salvage value) for the delivery truck if the truck can be sold at the end of year 4 for$2,000. a. Calculate the depreciation schedule...
1-
Exercise 11-06
Crane Company purchased equipment for $192,000 on October 1,
2020. It is estimated that the equipment will have a useful life of
8 years and a salvage value of $12,000. Estimated production is
36,000 units and estimated working hours are 20,000. During 2020,
Crane uses the equipment for 500 hours and the equipment produces
1,000 units.
Compute depreciation expense under each of the following methods.
Crane is on a calendar-year basis ending December 31.
(Round rate per...
Dordine Company acquired equipment on March 1, 2020, at a cash cost of $1,000,000. Transportation charges amounted to $12,000, installation cost was $40,000, testing costs were $30,000, and the payment of a fine for not getting the proper permit for moving the equipment was $1.000. The equipment was estimated to have a useful life of 12 years and a salvage value of $60,000 at the end of its life. It was further estimated that the equipment would be used in...
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