Using the Straight Line (SL) depreciation method, what is the (a) annual depreciation charge, Dt=?, (b) the total accumulated depreciation charge, D3=?, at the end of year 3, and (c) the Book Value, BV3=?, at the end of year 3, for an automobile with a five-year useful life that has a first cost of $20,200 and an $8,565.00 salvage value?
Depreciation per year = (P-S)/N = (20200 - 8565) / 5 = 2327
a. Depreciation in year 3 = 2327
b. Accumulated depreciation in year 3 = 2327 * 3 = 6981
c. BV at end of yr 3 = 20200 - 6981 = 13219
Using the Straight Line (SL) depreciation method, what is the (a) annual depreciation charge, Dt=?, (b)...
14.1 Using the Straight Line (SL) depreciation method, what is the (a) annual depreciation charge, Dt=?, (b) the total accumulated depreciation charge, D4=? , at the end of year 4, and (c) the book value, BV=? , at the end of year 4, for an automobile with a Five-year useful life that has a first cost of $19,657 and an $8,418.40 salvage value? 14.1 Using the Straight Line (SL) depreciation method, what is the (a) annual depreciation charge, DF?, (b)...
Use straight line (SL) depreciation to determine a. annual depreciation charge (5 points) and b. annual book values for the life of the asset having the price of $1,900,000, depreciable life of 10 years, and the salvage value of $600,000. (10 points)
Calculate the annual Straight Line depreciation charge for a asset with a cost basis of $12,000, a depreciable life of 10 years, and a Salvage value of $2,000. If you believe the useful life of an asset will be 10 years, the Bonus Depreciation method allows for 100% depreciation in year 1, and the MACRS method indicates the depreciable life is 7 years, what is the useful life you should use in capital recovery economic analysis? SHOW ALL CALCULATIONS
P M Gmail Youtube Maps er 18 Homework Problem 18.2A Using different depreciation methods and comparing the results. LO 18-2 On January 4, 2019. Columbus Company purchased new equipment for $633,000 that had a useful life of four years and a salvage value of $43,000. Required: Prepare a schedule showing the annual depreciation and end-of-year accumulated depreciation for the first three years of the asset's life under the straight-line method, the sum-of-the-years' digits method, and the double-declining balance method. Analyze:...
What is the annual depreciation expense that we can take on our tax return based on the following data? The SL method formula is – (Cost – salvage)/Life; Productivity unit method formula is ( (Cost – Salvage )/Estimated Life ) * # of miles driven in the year- Cost of GM truck $55,000 Salvage value $5,000 Estimated Life 5 years or 150,000 miles Drove the truck 80,000 miles in year 1. Using straight-line method -What is our depreciation expense in...
Instructions Using the straight-line method of depreciation, calculate the depreciation expense, accumulated depreciation balance, and book value for each of the four years of the van's useful life. a. Enter all amounts as positive values. Do not use a minus sign or parentheses for any values to be subtracted. (Always use cell references and formulas where appropriate to receive full credit. If you copy paste from the Instruction tab you will be marked wrong.) Total Points Total Points A B...
v x А в Depreciation fx с For the following, calculate Annual Depreciation, Accumulated Depreciation and Net Book Value on an MRI Machine. Cost of the machine is $450,000 & useful life is 8 years. Use the Straight Line Method of Depreciation. Assume a Salvage Value of $20,000. Depreciation Net Cost to be Depreciated Accumulated Depreciation Year Year Remaining COWN
Straight-Line Depreciation Rates Convert each of the following estimates of useful life to a straight-line depreciation rate, stated as a percentage, assuming that the residual value of the fixed asset is to be ignored: (a) 4 years, (b) 8 years, (c) 10 years, (d) 16 years, (e) 25 years, (f) 40 years, (g) 50 years. If required, round your answers to two decimal places. Years Percentage 4 years 8 years 10 years 16 years 25 years 40 years 50 years...
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
Straight-Line cost of equipment: $450,000 Estimated Salvage Value: $30,000 Estimated Life (yrs): 17.50 test after this many years: 4 net future cash flow (@ time of testing): $300,000 fair value (@ time of testing): $275,000 --------------- A. Depreciable Cost Annual Depreciation Expense (SL) B. At time of testing SL Method Accumulated Depreciaton balance Book Value IMPAIRED? (Y/N) Impairment Loss B/S at 12/31 in year of testing SL Method Equipment Accumulated Depreciation $$$,$$$,$$$ $$$,$$$,$$$