Exercise 9-20 (Part Level Submission) Crane Company purchased a new machine on October 1, 2017, at...
Exercise 9-20 (Part Level Submission) Crane Company purchased a new machine on October 1, 2017, at a cost of $88,700. The company estimated that the machine has a salvage value of $7,400. The machine is expected to be used for 63,100 working hours during its 8-year life. Compute depreciation using the following methods in the year indicated. Collapse question part (a) Incorrect answer. Your answer is incorrect. Try again. Declining-balance using double the straight-line rate for 2017 and 2018. (Round answers to 0 decimal places, e.g. 125) 2017 2018 Depreciation using the Declining-balance method $Entry field with incorrect answer $Entry field with incorrect answer
Homework Answers
| Double Declining-balance rate | 25% | =1/8*2 |
| Depreciation using the Declining-balance method | ||
| 2017 | 5544 | =88700*25%*3/12 |
| 2018 | 20789 | =(88700-5544)*25% |
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Exercise 9-20 (Part Level Submission) Crane Company purchased a
new machine on October 1, 2017, at...
Blossom Company purchased a new machine on October 1, 2017, at a cost of $87,200. The...
Blossom Company purchased a new machine on October 1, 2017, at a cost of $87,200. The company estimated that the machine has a salvage value of $7,400. The machi is expected to be used for 69,200 working hours during its 8-year life. Compute depreciation using the following methods in the year indicated. Declining balance using double the straight-line rate for 2017 and 2018. (Round answers to decimal places, e.g. 125) 2017 2018 Depreciation using the Declining balance methods LINK TO...
Exercise 9-20 Sunland Company purchased a new machine on October 1, 2017, at a cost of...
Exercise 9-20 Sunland Company purchased a new machine on October 1, 2017, at a cost of $86,600. The company estimated that the machine has a salvage value of $8,400. The machine is expected to be used for 65,700 working hours during its 8-year life. Compute depreciation using the following methods in the year indicated. Declinng-balance using double the straight-line rate for 2017 and 2018. (Round answers to 0 decimal places, e.g. 125) 2017 2018 Depreciation using the Declining-balance method s...
sorry, hope this helps! Sandhill Co. purchased a new machine on Oteber 1, 2017, aa cost...
sorry, hope this helps!
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Ivanhoe Company purchased a new machine on October 1, 2017, at a cost of $87,800. The...
Ivanhoe Company purchased a new machine on October 1, 2017, at a cost of $87,800. The company estimated that the machine has a salvage value of $8,800. The machine is expected to be used for 64,200 working hours during its 8-year life. Compute depreciation using the following methods in the year indicated. Declining-balance using double the straight-line rate for 2017 and 2018. (Round answers to o decimal places, e.g. 125) 2017 2018 Depreciation using the Declining-balance method Calculate the depreciation...
Crane Company purchased a new machine on October 1, 2022, at a cost of $94,100. The...
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Crane Company purchased a new machine on October 1, 2022, at a cost of $116,100. The...
Crane Company purchased a new machine on October 1, 2022, at a cost of $116,100. The company estimated that the machine has a salvage value of $7,020. The machine is expected to be used for 108,000 working hours during its 10-year life. Compute depreciation using the following methods in the year indicated. X Your answer is incorrect. Declining-balance using double the straight-line rate for 2022 and 2023. 2022 2023 Depreciation using the Declining-balance method $ 2727 $ e Textbook and...
Exercise 9-24 Pharoah Company purchased a new machine on October 1, 2022, at a cost of...
Exercise 9-24 Pharoah Company purchased a new machine on October 1, 2022, at a cost of $80,100. The company estimated that the machine has a salvage value of $7,380. The machine is expected to be used for 72,000 working hours during its 10-year life. Compute depreciation using the following methods in the year indicated. Your answer is incorrect. Try again Declining-balance using double the straight-line rate for 2022 and 2023 2022 2023 Depreciation using the Declining-balance method LINK ΤOΤΕXT LINK...
MatthewCompany purchased a new machine on October 1, 2017, at a cost of $145,000. The company...
MatthewCompany purchased a new machine on October 1, 2017, at a cost of $145,000. The company estimated that the machine will have a salvage value of $25,000. The machine is expected to be used during its 5-year life. Instructions Compute the depreciation expense under the following methods for the year indicated. (a) Straight-line for 2017. (b) Declining-balance using double the straight-line rate for 2017 and 2018.
DACR Exercise 9-6 (Part Level Submission) Rottino Company purchased a new machine on October 1, 2015,...
DACR Exercise 9-6 (Part Level Submission) Rottino Company purchased a new machine on October 1, 2015, at a cost of $145,500. The company estimated that the machine will have a salvage value of $14,900. The machine is expected to be used for 11,000 working hours during its 5-year life. (a) Your answer is correct. Compute the depreciation expense under straight-line method for 2015. (Round answer to O decimal places, e.g. 2,125.) 2015 Straight-line method 6,530 SHOW SOLUTION SHOW ANSWER LINK...
Exercise 11-3 (Part Level Submission) Monty Company purchased a new plant asset on April 1, 2017,...
Exercise 11-3 (Part Level Submission)
Monty Company purchased a new plant asset on April 1, 2017, at a
cost of $774,990. It was estimated to have a service life of 20
years and a salvage value of $65,400. Monty’s accounting period is
the calendar year.
(a)
Your answer is incorrect. Try again.
Compute the depreciation for this asset for 2017 and 2018 using the
sum-of-the-years'-digits method. (Round answers to 0
decimal places, e.g. 45,892.)
Depreciation for 2017
$
Depreciation for...
Blossom Company purchased a new machine on October 1, 2017, at a cost of $87,200. The company estimated that the machine has a salvage value of $7,400. The machi is expected to be used for 69,200 working hours during its 8-year life. Compute depreciation using the following methods in the year indicated. Declining balance using double the straight-line rate for 2017 and 2018. (Round answers to decimal places, e.g. 125) 2017 2018 Depreciation using the Declining balance methods LINK TO...
Exercise 9-20 Sunland Company purchased a new machine on October 1, 2017, at a cost of $86,600. The company estimated that the machine has a salvage value of $8,400. The machine is expected to be used for 65,700 working hours during its 8-year life. Compute depreciation using the following methods in the year indicated. Declinng-balance using double the straight-line rate for 2017 and 2018. (Round answers to 0 decimal places, e.g. 125) 2017 2018 Depreciation using the Declining-balance method s...
sorry, hope this helps!
Sandhill Co. purchased a new machine on Oteber 1, 2017, aa cost of $8s,700 The company estimated that the machine has a salvage value of $7,400. The machine is expeledl Compute degreciation using the folowing ethods in the year indicated (ser ept o S ) p10r bn oueupag BLOC Depredation using the Declining-balance methed Exercise 9-20 (Part Level Sabmission) Sandhill Co. purchased a new machine on October 1, 20, at a cost of s0 The conpany...
Ivanhoe Company purchased a new machine on October 1, 2017, at a cost of $87,800. The company estimated that the machine has a salvage value of $8,800. The machine is expected to be used for 64,200 working hours during its 8-year life. Compute depreciation using the following methods in the year indicated. Declining-balance using double the straight-line rate for 2017 and 2018. (Round answers to o decimal places, e.g. 125) 2017 2018 Depreciation using the Declining-balance method Calculate the depreciation...
Crane Company purchased a new machine on October 1, 2022, at a cost of $94,100. The company estimated that the machine has a salvage value of $2,940. The machine is expected to be used for 86,000 working hours during its 10-year life. Compute depreciation using the following methods in the year indicated. Your answer is incorrect. Declining-balance using double the straight-line rate for 2022 and 2023. 2022 2023 Depreciation using the Declining-balance method $ eTextbook and Media X Your answer...
Crane Company purchased a new machine on October 1, 2022, at a cost of $116,100. The company estimated that the machine has a salvage value of $7,020. The machine is expected to be used for 108,000 working hours during its 10-year life. Compute depreciation using the following methods in the year indicated. X Your answer is incorrect. Declining-balance using double the straight-line rate for 2022 and 2023. 2022 2023 Depreciation using the Declining-balance method $ 2727 $ e Textbook and...
Exercise 9-24 Pharoah Company purchased a new machine on October 1, 2022, at a cost of $80,100. The company estimated that the machine has a salvage value of $7,380. The machine is expected to be used for 72,000 working hours during its 10-year life. Compute depreciation using the following methods in the year indicated. Your answer is incorrect. Try again Declining-balance using double the straight-line rate for 2022 and 2023 2022 2023 Depreciation using the Declining-balance method LINK ΤOΤΕXT LINK...
DACR Exercise 9-6 (Part Level Submission) Rottino Company purchased a new machine on October 1, 2015, at a cost of $145,500. The company estimated that the machine will have a salvage value of $14,900. The machine is expected to be used for 11,000 working hours during its 5-year life. (a) Your answer is correct. Compute the depreciation expense under straight-line method for 2015. (Round answer to O decimal places, e.g. 2,125.) 2015 Straight-line method 6,530 SHOW SOLUTION SHOW ANSWER LINK...
Exercise 11-3 (Part Level Submission)
Monty Company purchased a new plant asset on April 1, 2017, at a
cost of $774,990. It was estimated to have a service life of 20
years and a salvage value of $65,400. Monty’s accounting period is
the calendar year.
(a)
Your answer is incorrect. Try again.
Compute the depreciation for this asset for 2017 and 2018 using the
sum-of-the-years'-digits method. (Round answers to 0
decimal places, e.g. 45,892.)
Depreciation for 2017
$
Depreciation for...
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