Which depreciation method does not consider salvage value in its periodic calculations? A. None of these...
Which depreciation method does not consider salvage value in its periodic calculations?
| A. |
None of these |
|
| B. |
Double declining balance. |
|
| C. |
Straight line. |
|
| D. |
Units of production. |
Homework Answers
Ans A. None of these
Double declining balance method, Straight line method, Units of production method all take the salvage value of the asset into consideration while calculating depreciation of the asset.
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Which depreciation method does not consider salvage value in its
periodic calculations?
A.
None of these...
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Depreciation Methods A delivery truck costing $22.000 is expected to have a $2,000 salvage value at the end of its useful life of four years or 100,000 miles. Assume that the truck was purchased on January 2. Calculate the depreciation expense for the second year using each of the following depreciation methods: (a) straight-line, (b) double-declining balance, and (c) units-of- production. (Assume that the truck was driven 30,000 miles in the second year.) Round all answers to the nearest dollar....
Depreciation Methods A delivery truck costing $22,000 is expected to have a $2,000 salvage value at the end of its useful life of four years or 100,000 miles. Assume that the truck was purchased on January 2. Calculate the depreciation expense for the second year using each of the following depreciation methods: (a) straight-line, (b) double-declining balance, and (c) units of production. (Assume that the truck was driven 30,000 miles in the second year.) Round all answers to the nearest...
QUESTION 4 The depreciation method that does not use residual value in calculating the first year's depreciation expense is straight-line O units-of-production O double declining-balance none of the above QUESTION 5 5 po The receivable that is usually evidences by a formal instrument of credit is an) O trade receivable. o note receivable. accounts receivable. income tax receivable.
On June 1, a machine costing $660,000 with a 5-year life and an
estimated $50,000 salvage value was purchased. It was also
estimated that the machine would produce 200,000 units during its
life. Actual production would be 40,000 units per year for all five
years.
Using the depreciation template provided, determine the amount
of depreciation expense for the third year under each of the
following assumption
The company uses the double-declining-balance method of
depreciation.
50 Cast Salvage value Depreciable cost...
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...
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