A three-year-old machine has a cost of $56,000, an estimated residual value of $5,100, and an estimated useful life of five years. The company uses double-declining-balance depreciation.
Calculate the net book value at the end of each year.
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A three-year-old machine has a cost of $56,000, an estimated residual value of $5,100, and an estimated useful life of five years. The company uses double-declining-balance depreciation. Calculate the net book value at the end of each year.
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...
A three-year-old machine that has a cost of $63,000, an estimated residual value of $5,800, and an estimated useful life of five years. The company uses double-declining-balance depreciation. Calculate the net book value at the end of each year. Net book value: First year Second year Third year
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A machine that cost $170,000 has an estimated residual value of $17,000 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.)
A three-year-old machine has a cost of $49,000, and estimated residual value of $2,200, and an estimated useful life of 39,000 machine hours. The company uses units-of-production depreciation and ran the machine 4,600 hours in year 1; 6,150 hours in the year 2; and 8,200 hours in year 3.Calculate the net book value at the end of the third year.
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Instructions: Using the sum-of-the-years-digit and double-declining balance depreciation methods, compute the depreciation expense for years 2018 and 2019, and the book value of the machine at the end of 2019 for each of the following two independent cases. Please show your work briefly and have your final answers summarized in the tables Round the final answers in the tables to the nearest dollar when needed. a. Ginger Co. acquired a machine on Jan. 1. 2018, at a cost of $56,000....
POWS WILL Instructions: Using the sum-of-the-years'-digit and double-declining balance depreciation methods, compute the depreciation expense for years 2018 and 2019, and the book value of the machine at the end of 2019 for each of the following two independent cases. Please show your work briefly and have your final answers summarized in the tables, Round the final answers in the tables to the nearest dollar when needed. a. Ginger Co. acquired a machine on Jan. 1, 2018, at a cost...
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