A water filtration system in an industrial process was purchased in 2014 for $ 356,296. It...
A water filtration system in an industrial process was purchased in 2014 for $ 356,296. It will be replaced at the end of year 2019. What is the estimated cost of the replacement, based on the following equipment cost index table?
| Year | Index |
| 2014 | 223 |
| 2015 | 238 |
| 2016 | 247 |
| 2017 | 257 |
| 2018 | 279 |
| 2019 | 313 |
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A water filtration system in an industrial process was purchased
in 2014 for $ 356,296. It...
Oriole Ltd. purchased a new machine on April 4, 2014, at a cost of $180,000. The...
Oriole Ltd. purchased a new machine on April 4, 2014, at a cost
of $180,000. The company estimated that the machine would have a
residual value of $18,000. The machine is expected to be used for
9,000 working hours during its four-year life. Actual machine usage
was 1,300 hours in 2014; 2,000 hours in 2015; 2,100 hours in 2016;
1,900 hours in 2017; and 1,700 hours in 2018. Oriole has a December
31 year end.
Calculate depreciation for the machine...
Wildhorse Ltd, purchased a new machine on April 4, 2014, at a cost of $172,800. The...
Wildhorse Ltd, purchased a new machine on April 4, 2014, at a cost of $172,800. The company estimated that the machine would have a residual value of $18,000. The machine is expected to be used for 9,000 working hours during its four year life. Actual machine usage was 1,300 hours in 2014.2.600 hours in 2015: 2,100 hours in 2016; 1,900 hours in 2017, and 1.700 hours in 2018. Wildhorse has a December 31 year end. Calculate depreciation for the machine...
Razar Sharp Company purchased equipment on July 1, 2014, for $27,540. The equipment was expected to...
Razar Sharp Company purchased equipment on July 1, 2014, for $27,540. The equipment was expected to have a useful life of three years, or 5,940 operating hours, and a residual value of $810. The equipment was used for 1,100 hours during 2014, 2,100 hours in 2015, 1,800 hours in 2016, and 940 hours in 2017. Required: Determine the amount of depreciation expense for the years ended December 31, 2014, 2015, 2016, and 2017, by (a) the straight-line method, (b) units-of-output...
Wildhorse Ltd. purchased a new machine on April 4, 2014, at a cost of $152,000. The...
Wildhorse Ltd. purchased a new machine on April 4, 2014, at a cost of $152,000. The company estimated that the machine would have a residual value of $14,000. The machine is expected to be used for 9,200 working hours during its four-year life. Actual machine usage was 1,300 hours in 2014; 2,000 hours in 2015; 2,500 hours in 2016; 1,800 hours in 2017; and 1,600 hours in 2018. Wildhorse has a December 31 year end. (a) New attempt is in...
On January 1, 2015, a machine was purchased for $101,700. The machine has an estimated salvage...
On January 1, 2015, a machine was purchased for $101,700. The machine has an estimated salvage value of $6,780 and an estimated useful life of 5 years. The machine can operate for 113,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2015, 22,600 hrs; 2016, 28,250 hrs; 2017, 16,950 hrs; 2018, 33,900 hrs; and 2019, 11,300 hrs.Please show calculations for all problems below. 1) Compute the annual...
On January 1, 2015, a machine was purchased for $96,300. The machine has an estimated salvage...
On January 1, 2015, a machine was purchased for $96,300. The
machine has an estimated salvage value of $6,420 and an estimated
useful life of 5 years. The machine can operate for 107,000 hours
before it needs to be replaced. The company closed its books on
December 31 and operates the machine as follows: 2015, 21,400 hrs;
2016, 26,750 hrs; 2017, 16,050 hrs; 2018, 32,100 hrs; and 2019,
10,700 hrs.
Compute the annual depreciation charges over the machine’s life
assuming...
Problem 11-11 (Part Level Submission) On January 1, 2015, a machine was purchased for $97,200. The...
Problem 11-11 (Part Level Submission)
On January 1, 2015, a machine was purchased for $97,200. The
machine has an estimated salvage value of $6,480 and an estimated
useful life of 5 years. The machine can operate for 108,000 hours
before it needs to be replaced. The company closed its books on
December 31 and operates the machine as follows: 2015, 21,600 hrs;
2016, 27,000 hrs; 2017, 16,200 hrs; 2018, 32,400 hrs; and 2019,
10,800 hrs.
(a)
Compute the annual depreciation...
Razar Sharp Company purchased equipment on July 1, 2014, for $43,470. The equipment was expected to...
Razar Sharp Company purchased equipment on July 1, 2014, for $43,470. The equipment was expected to have a useful life of three years, or 6,480 operating hours, and a residual value of $1.350. The equipment was used for 1,200 hours during 2014, 2,300 hours in 201 s, i,900 hours in 2016, and ?,0b0 hours in 2017. Required Determine the amount of depreciation expense for the years ended December 31, 2014, 2015, 2016, and 2017, by (a) the straight-line method, (b)...
Problem 11-11 On January 1, 2015, a machine was purchased for $90,900. The machine has an...
Problem 11-11 On January 1, 2015, a machine was purchased for $90,900. The machine has an estimated salvage value of $6,060 and an estimated useful life of 5 years. The machine can operate for 101,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2015, 20,200 hrs; 2016, 25,250 hrs; 2017, 15,150 hrs; 2018, 30,300 hrs; and 2019, 10,100 hrs. Compute the annual depreciation charges over the machine’s...
Problem 11-11 On January 1, 2015, a machine was purchased for $90,900. The machine has an...
Problem 11-11 On January 1, 2015, a machine was purchased for $90,900. The machine has an estimated salvage value of $6,060 and an estimated useful life of 5 years. The machine can operate for 101,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2015, 20,200 hrs; 2016, 25,250 hrs; 2017, 15,150 hrs; 2018, 30,300 hrs; and 2019, 10,100 hrs. Compute the annual depreciation charges over the machine’s...
Oriole Ltd. purchased a new machine on April 4, 2014, at a cost
of $180,000. The company estimated that the machine would have a
residual value of $18,000. The machine is expected to be used for
9,000 working hours during its four-year life. Actual machine usage
was 1,300 hours in 2014; 2,000 hours in 2015; 2,100 hours in 2016;
1,900 hours in 2017; and 1,700 hours in 2018. Oriole has a December
31 year end.
Calculate depreciation for the machine...
Wildhorse Ltd, purchased a new machine on April 4, 2014, at a cost of $172,800. The company estimated that the machine would have a residual value of $18,000. The machine is expected to be used for 9,000 working hours during its four year life. Actual machine usage was 1,300 hours in 2014.2.600 hours in 2015: 2,100 hours in 2016; 1,900 hours in 2017, and 1.700 hours in 2018. Wildhorse has a December 31 year end. Calculate depreciation for the machine...
On January 1, 2015, a machine was purchased for $96,300. The
machine has an estimated salvage value of $6,420 and an estimated
useful life of 5 years. The machine can operate for 107,000 hours
before it needs to be replaced. The company closed its books on
December 31 and operates the machine as follows: 2015, 21,400 hrs;
2016, 26,750 hrs; 2017, 16,050 hrs; 2018, 32,100 hrs; and 2019,
10,700 hrs.
Compute the annual depreciation charges over the machine’s life
assuming...
Problem 11-11 (Part Level Submission)
On January 1, 2015, a machine was purchased for $97,200. The
machine has an estimated salvage value of $6,480 and an estimated
useful life of 5 years. The machine can operate for 108,000 hours
before it needs to be replaced. The company closed its books on
December 31 and operates the machine as follows: 2015, 21,600 hrs;
2016, 27,000 hrs; 2017, 16,200 hrs; 2018, 32,400 hrs; and 2019,
10,800 hrs.
(a)
Compute the annual depreciation...
Razar Sharp Company purchased equipment on July 1, 2014, for $43,470. The equipment was expected to have a useful life of three years, or 6,480 operating hours, and a residual value of $1.350. The equipment was used for 1,200 hours during 2014, 2,300 hours in 201 s, i,900 hours in 2016, and ?,0b0 hours in 2017. Required Determine the amount of depreciation expense for the years ended December 31, 2014, 2015, 2016, and 2017, by (a) the straight-line method, (b)...
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