Equipment cost 78,000 Salvage Value 2500 Life 6 years Units over life 678,000 Depreciate using Excel...
| Equipment cost | 78,000 | |||||||
| Salvage Value | 2500 | |||||||
| Life | 6 years | |||||||
| Units over life | 678,000 | |||||||
| Depreciate using Excel | ||||||||
| SL | DDB | SYD | Units of Activity | |||||
| Year 1 | ||||||||
| Year 2 | ||||||||
| Year 3 | ||||||||
| Year 4 | ||||||||
| Year 5 | ||||||||
| Year 6 | ||||||||
Homework Answers
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Equipment cost
78,000
Salvage Value
2500
Life
6
years
Units over life
678,000
Depreciate
using Excel...
3. The York City Hospital has just acquired new equipment. The equipment cost $4,250,000, and the...
3. The York City Hospital has just acquired new equipment. The equipment cost $4,250,000, and the organization spent $135,000 on upgrading the physical plant the new equipment will be located in. The equipment is expected to have a 10-year useful life and a salvage value of 10% (ie., $425,000). Calculate the first 5 years of depreciation, using SL, DDB, and SYD. 4. A new medical practice purchases computer equipment that cost $15,000, to be used for medical billing. In addi-...
Company A purchased equipment. The cost for the equipment is 500,000. Estimated salvage value after 5...
Company A purchased equipment. The cost for the equipment is 500,000. Estimated salvage value after 5 years is 50,000. 1. Determine the depreciation for year 3 using DDB, 150% DB and SL methods. 2. For DDB and 150% DB methods, determine the implied salvage after 5 years. 3. Calculate the depreciation rate d for each year for the DDB method. 4. Plot the book value of DDB and SL depreciation.
Company A purchased equipment. The cost for the equipment is 500,000. Estimated salvage value after 5...
Company A purchased equipment. The cost for the equipment is 500,000. Estimated salvage value after 5 years is 50,000. 1.Determine the depreciation for n= 3 using MACRS, DDB, 150% DB and SL methods. 2.Plot the book value of DDB and SL depreciation. EVERYTHING ABOVE HERE IS THE QUESTION. EVERYTHING BELOW HERE IS SOMEWHAT HOW IT NEEDS TO BE COMPLETED. THIS IS JUST THE START BUT PLEASE IN MICROSOFT EXCEL IN RELATION TO HOW IT IS BELOW SLN DB DDB Macr...
1. Determine the probable average cost per hour over the life of the equipment for owning...
1. Determine the probable average cost per hour over the life of the equipment for owning & operating a wheel loader under the conditions listed below. Use the straight-line method of depreciation. Operator cost: $20/hr. • Operating conditions: Average • Delivered price: $70,000 • Cost of a set of tires: $4,000 • Expected life: 5 years • Hours operated: 2,000 hrs./year • salvage value: 32,000 • Fuel cost $3.00/gal • horsepower: 120 hp • Rate for interest, tax, insurance, &...
E1. Bobby purchases equipment with cost of $40,000 and salvage value of $3,500 and life of...
E1. Bobby purchases equipment with cost of $40,000 and salvage value of $3,500 and life of 4 years. Create a STRAIGHT LINE DEPRECIATION SCHEDULE. Year Depr. Cost Rate Depr. Exp. Accum. Depr. Book Value E2. Use the same Cost, SV and life for a depreciation schedule using DOUBLE DECLINING BALANCE Cost-$40,000 SV=$3,500 and Life = 4 years. Year Book Value Beg. Rate Depr. Exp. Accum. Depr. Book Value End 2 E3. Carlson purchased Equipment for $56,000 with salvage value $7,000...
Sum-of-Years' Digits, Declining Balance Cost of Equipment: $750,000 Estimated Salvage Value: $70,000 Estimated Life (yrs): 16...
Sum-of-Years' Digits, Declining Balance Cost of Equipment: $750,000 Estimated Salvage Value: $70,000 Estimated Life (yrs): 16 Sold after this many years: 10 Selling price of equipment: $180,000 ----- Please fill out the blanks bellow, A. Depreciable Cost Sum of years digits (life) Sum of years digits (yrs remaining) Declining balance rate B. Depreciation Expense SYD Method DB Method Year 2 Year of sale At time of sale SYD Method DB Method Accumulated Depreciation Book Value C. ENTRY (SYD Method): DR...
Sum-of-Years' Digits, Declining Balance Cost of Equipment: $750,000 Estimated Salvage Value: $70,000 Estimated Life (yrs): 16...
Sum-of-Years' Digits, Declining Balance Cost of Equipment: $750,000 Estimated Salvage Value: $70,000 Estimated Life (yrs): 16 Sold after this many years: 10 Selling price of equipment: $180,000 --------------------- Please fill out the blanks bellow, A. Depreciable Cost Sum of years digits (life) Sum of years digits (yrs remaining) Declining balance rate B. Depreciation Expense SYD Method DB Method Year 2 Year of sale At time of sale SYD Method DB Method Accumulated Depreciation Book Value C. ENTRY (SYD Method): DR...
A new medical practice purchases computer equipment that cost $15,000, to be used for medical billing....
A new medical practice purchases computer equipment that cost $15,000, to be used for medical billing. In addition, the practice purchases billing software that cost $5,000. Both the computer equipment and the software are expected to have 3-year useful lives and no salvage value. Calculate the 3 years of depreciation, using SL, DDB, and SYD.
machine 1: cost 76,000 salvage value 6,000 useful life 10 years purchased 7/1/16 machine 2: cost...
machine 1:
cost 76,000
salvage value 6,000
useful life 10 years
purchased 7/1/16
machine 2:
cost 80,000
salvage value 10,000
useful life 8 years
purchased 1/1/13
machine 3:
cost 78,000
salvage value 6,000
useful life 6 years = 24,000 hours
purchased 1/1/18
Problem: In recent years, Hrubeck Company purchased three machines. Because of heavy turnover in the accounting department, a different accountant was in charge of selecting the depreciation method for each machine, and various methods were selected. Information concerning...
Depreciate the equipment using the units of production method The equipment is expected to work 90,000...
Depreciate the equipment using the units of production method The equipment is expected to work 90,000 hours during its 5 year useful life with a salvage value of $4,700. The productivity level is as follows: Year 1 - 30,000 hours; Year 2 - 25,000 hours, Year 3 - 15,000 hours, Year 4 - 12,000 hours, Year 5 - 8,000 hours The equipment was disposed of on January 1, Year 5 for $22,000. Prepare the journal entry to record the disposal...
3. The York City Hospital has just acquired new equipment. The equipment cost $4,250,000, and the organization spent $135,000 on upgrading the physical plant the new equipment will be located in. The equipment is expected to have a 10-year useful life and a salvage value of 10% (ie., $425,000). Calculate the first 5 years of depreciation, using SL, DDB, and SYD. 4. A new medical practice purchases computer equipment that cost $15,000, to be used for medical billing. In addi-...
1. Determine the probable average cost per hour over the life of the equipment for owning & operating a wheel loader under the conditions listed below. Use the straight-line method of depreciation. Operator cost: $20/hr. • Operating conditions: Average • Delivered price: $70,000 • Cost of a set of tires: $4,000 • Expected life: 5 years • Hours operated: 2,000 hrs./year • salvage value: 32,000 • Fuel cost $3.00/gal • horsepower: 120 hp • Rate for interest, tax, insurance, &...
E1. Bobby purchases equipment with cost of $40,000 and salvage value of $3,500 and life of 4 years. Create a STRAIGHT LINE DEPRECIATION SCHEDULE. Year Depr. Cost Rate Depr. Exp. Accum. Depr. Book Value E2. Use the same Cost, SV and life for a depreciation schedule using DOUBLE DECLINING BALANCE Cost-$40,000 SV=$3,500 and Life = 4 years. Year Book Value Beg. Rate Depr. Exp. Accum. Depr. Book Value End 2 E3. Carlson purchased Equipment for $56,000 with salvage value $7,000...
Sum-of-Years' Digits, Declining Balance Cost of Equipment: $750,000 Estimated Salvage Value: $70,000 Estimated Life (yrs): 16 Sold after this many years: 10 Selling price of equipment: $180,000 ----- Please fill out the blanks bellow, A. Depreciable Cost Sum of years digits (life) Sum of years digits (yrs remaining) Declining balance rate B. Depreciation Expense SYD Method DB Method Year 2 Year of sale At time of sale SYD Method DB Method Accumulated Depreciation Book Value C. ENTRY (SYD Method): DR...
machine 1:
cost 76,000
salvage value 6,000
useful life 10 years
purchased 7/1/16
machine 2:
cost 80,000
salvage value 10,000
useful life 8 years
purchased 1/1/13
machine 3:
cost 78,000
salvage value 6,000
useful life 6 years = 24,000 hours
purchased 1/1/18
Problem: In recent years, Hrubeck Company purchased three machines. Because of heavy turnover in the accounting department, a different accountant was in charge of selecting the depreciation method for each machine, and various methods were selected. Information concerning...
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