Equipment acquired on January 9, 20Y3, at a cost of $657,000, has an estimated useful life...
Equipment acquired on January 9, 20Y3, at a cost of $517,000,
has an estimated useful life of 17 years, an estimated residual
value of $103,400, and is depreciated by the straight-line
method.
a. What was the book value of the equipment at
the end of the fifth year, December 31, 20Y7? Round your interim
calculations and final answer to the nearest dollar.
$
For decreases in accounts or outflows of cash, enter your
answers as negative numbers. Round annual depreciation...
Sale of Asset Equipment acquired on January 9, 20Y3, at a cost of $731,000, has an estimated useful life of 16 years, an estimated residual value of $87,720, and is depreciated by the straight-line method. a. What was the book value of the equipment at the end of the fifth year, December 31, 20Y7? Round your interim calculations and final answer to the nearest dollar. $ For decreases in accounts or outflows of cash, enter your answers as negative numbers....
Equipment acquired on January 9, 20Y3, at a cost of 5560,000, has an estimated useful life of 20 years has an estimated residual value of $40,000, and is depreciated by the straight-line method. a. What was the book value of the equipment at the end of the fifth year, December 31, 2017? For decreases in accounts or outflows of cash, enter your answers as negative numbers. If no account or activity is affected, select "No effect from the dropdown and...
Sale of Asset Equipment acquired on January 3, 2013, at a cost of $569,000, has an estimated useful life of 16 years, has an estimated residual value of $56,900, and is depreciated by the straight-line method a. What was the book value of the equipment at December 31, 2016, the end of the year? For decreases in accounts or outflows of cash, enter your answers as negative numbers. Round annual depreciation to the nearest dollar and use this amount in...
Equipment acquired on January 8 at a cost of $177,240 has an estimated useful life of 19 years, has an estimated residual value of $7,000, and is depreciated by the straight-line method. b. Assume that the equipment was sold on April 1 of the fifth year for $133,780. 1. Journalize the entry to record depreciation for the three months until the sale date. If an amount box does not require an entry, leave it blank. Round your answers to the...
Equipment acquired on January 8 at a cost of $150,000, has an estimated useful life of 20 years, has an estimated residual value of $8,600, and is depreciated by the straight-line method. a. What was the book value of the equipment at December 31 the end of the fourth year? $ b. Assuming that the equipment was sold on April 1 of the fifth year for 114,762. 1. Journalize the entry to record depreciation for the three months until the...
Equipment acquired on January 8 at a cost of $160,720, has an estimated useful life of 19 years, has an estimated residual value of $7,200, and is depreciated by the straight-line method. a. What was the book value of the equipment at December 31 the end of the fourth year? b. Assuming that the equipment was sold on April 1 of the fifth year for 120,390 1. Journalize the entry to record depreciation for the three months until the sale...
Equipment acquired on January 8 at a cost of $163,700, has an estimated useful life of 16 years, has an estimated residual value of $9,300, and is depreciated by the straight-line method. a. What was the book value of the equipment at December 31 the end of the fourth year? $ 125,100 Feedback b. Assuming that the equipment was sold on April 1 of the nth year for 117,352. 1. Journalize the entry to record depreciation for the three months...
Equipment acquired on January 8 at a cost of $168,000 has an estimated useful life of 18 years, has an estimated residual value of $15,000, and is depreciated by the straight-line method. A. What was the book value of the equipment at December 31 the end of the fourth year? B. Assuming that the equipment was sold on April 1 of the fifth year for $125,000, journalize the entries to record (1) depreciation for the three months until the sale...
Equipment acquired on January 8 at a cost of $100.870, has an estimated useful life of 12 years, has an estimated residual value of $9,550, and is depreciated by the straight line method A What was the book value of the equipment at December 31 the end of the fourth year? B. Assuming that the equipment was sold on April 1 of the fifth year for 561,657 journalize the entries to record (1) depreciation for the three months until the...