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A building with a cost of $1,800,000 has an estimated residual value of $125,000, has an estimated useful life of 40 years, and is depreciated by the straight-line method. a. What is the amount of the annual depreciation?
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
A machine that cost $160,000 has an estimated residual value of $16,000 and an estimated useful life of four years. The company uses double-declining-balance depreciation. Calculate its book value at the end of year 3. (Do not round Intermediate calculations.) Book Value
a.A three-year-old machine has a cost of $50,000, an estimated residual value of $5,000, and an estimated useful life of five years. The company uses straight-line depreciation.Calculate the net book value at the end of the third year.b.A three-year-old machine has a cost of $37,600, an estimated residual value of $2,600, and an estimated useful life of 35,000 machine hours. The company uses units-of-production depreciation and ran the machine 5,200 hours in year 1; 6,150 hours in year 2; and...
Revision of Depreciation A building with a cost of $540,000 has an estimated residual value of $108,000, has an estimated useful life of 18 years, and is depreciated by the straight-line method. a. What is the amount of the annual depreciation? Do not round intermediate calculations. $ b. What is the book value at the end of the tenth year of use? $ c. If at the start of the eleventh year it is estimated that the remaining life is...
Revision of Depreciation A building with a cost of $375,000 has an estimated residual value of $150,000, has an estimated useful life of 9 years, and is depreciated by the straight-line method. a. What is the amount of the annual depreciation? Do not round intermediate calculations. $ b. What is the book value at the end of the fifth year of use? $ c. If at the start of the sixth year it is estimated that the remaining life is...
Revision of Depreciation A building with a cost of $570.000 has an estimated residual value of $220,000, has an estimated useful life of 18 years, and is depreciated by the straight-line method. a. What is the amount of the annual depreciation? b. What is the book value at the end of the tenth year of use? c. If at the start of the eleventh year it is estimated that the remaining life is 10 years and that the residual value...
Cost of new machinery $200,000 Machinery estimated useful life 10 years Estimated salvage value $0 Straight-line depreciation Annual labor hours reduction 10,000 Annual operating costs reduction $4,000 Average hourly labor rate $5.50 Income tax rate 40% Discount rate 10% Part 1: Calculate the annual incremental income after taxes and the annual net cash flow for each year Part 2: Calculate the payback period Part 3: Calculate the rate of return on average investment Part 4: Calculate the net present value...
Depreciation Schedules Barb's Florists Name: Cost Expected salvage value Estimated useful life in years Estimated useful life in miles $13.000 $1.000 Purchased new truck Jan 1, 2012 Sold Dec 31, 2013 for $7,500 100 Complete A, B, C, D Intro thru SL Depr 8 min >> A. Prepare the straight line depreciation table. Straight-line Year Depr% Deprec Exp Purchase Notes calculations Truck Date of Purchase Accum Book Value Depreciation Rate Cost Salvage Value Depeche Cost 1st year Months Date of...
Income statement: Depreciation: $135,663 Book depreciation is determined using straight-line method, a zero estimated residual value, and a full year of depreciation for the year of acquisition. Wildcat purchases and places into service the assets on Jan 1, 2018: Original Cost Estimated useful life MACRS recovery period Class life $ 350,627 8 years 7 years 12 years $ 1,102,023 12 years 5 years 9 years Wildcat does not use Sec. 179 or bonus depreciation. What is the the taxable depreciation?...
The building (barn and office space) has an estimated useful life of 25 years. Record Depreciation for one month. The building was bought on June 3rd for 330,000 and the adjusting entry is for June 30th. I'm unsure how to record depreciation when the item is bought in the middle of the month. Use straight line.