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PART Ill INPUT Cost of Equipment Estimated Salvage Value Estimated Life (Yrs) Year of Testing Net...
Straight-Line cost of equipment: $450,000 Estimated Salvage Value: $30,000 Estimated Life (yrs): 17.50 test after this...
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 $$$,$$$,$$$ $$$,$$$,$$$
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...
An equipment was acquired at the cost of $210,000has an estimated residual value of $24,000 and...
An equipment was acquired at the cost of $210,000has an estimated residual value of $24,000 and an estimated useful life of 10 years. It was placed into service on May 1" of the current fiscal year. Which end on December 31". 1. Determine the depreciation for the current year and the following year using: a. Straight-line method Year Depreciable Rate Annual Partial Current Year Accumulated Book Cost (SL) Depreciation | Year Depreciation Depreciation Value Expense Expense b. Double-Declining method Year...
A machine costing $213,000 with a four-year life and an estimated $17,000 salvage value is installed...
A machine costing $213,000 with a four-year life and an
estimated $17,000 salvage value is installed in Luther Company’s
factory on January 1. The factory manager estimates the machine
will produce 490,000 units of product during its life. It actually
produces the following units: 123,200 in 1st year, 123,800 in 2nd
year, 120,400 in 3rd year, 132,600 in 4th year. The total number of
units produced by the end of year 4 exceeds the original
estimate—this difference was not predicted....
Problem 2: An equipment was acquired at the cost of $210.000has an estimated residual value of...
Problem 2: An equipment was acquired at the cost of $210.000has an estimated residual value of $24,000 and an estimated useful life of 10 years. It was placed into service on May 1st of the current fiscal year. Which end on December 31 1. Determine the depreciation for the current year and the following year using a. Straight-line method Year Depreciable Cost X Rate* (SL) Depreciation Expense Accumulated Depreciation Book* Value b. Double-Declining method Year Declining Balance Beginning Book Value...
A machine costing $213,000 with a four-year life and an estimated $17,000 salvage value is installed...
A machine costing $213,000 with a four-year life and an
estimated $17,000 salvage value is installed in Luther Company’s
factory on January 1. The factory manager estimates the machine
will produce 490,000 units of product during its life. It actually
produces the following units: 123,400 in 1st year, 123,100 in 2nd
year, 120,000 in 3rd year, 133,500 in 4th year. The total number of
units produced by the end of year 4 exceeds the original
estimate—this difference was not predicted....
Depreciation Schedules Barb's Florists Name: Cost Expected salvage value Estimated useful life in years Estimated useful...
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...
A machine costing $212,800 with a four-year life and an estimated $16,000 salvage value is installed...
A machine costing $212,800 with a four-year life and an estimated $16,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 492,000 units of product during its life. It actually produces the following units: 122,000 in 1st year, 124,300 in 2nd year, 119,700 in 3rd year, 136,000 in 4th year. The total number of units produced by the end of year 4 exceeds the original estimate—this difference was not predicted....
A machine costing $216,000 with a four year life and an estimated $20,000 salvage value is instal...
A machine costing $216,000 with a four year life and an estimated $20,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 490,000 units of product during its life. It actually produces the following units: 121.500 in 1st year, 123.300 in 2nd year. 121.400 in 3rd year, 133,800 in 4th year. The total number of units produced by the end of year 4 exceeds the original estimate-this difference was not...
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...
An equipment was acquired at the cost of $210,000has an estimated residual value of $24,000 and an estimated useful life of 10 years. It was placed into service on May 1" of the current fiscal year. Which end on December 31". 1. Determine the depreciation for the current year and the following year using: a. Straight-line method Year Depreciable Rate Annual Partial Current Year Accumulated Book Cost (SL) Depreciation | Year Depreciation Depreciation Value Expense Expense b. Double-Declining method Year...
A machine costing $213,000 with a four-year life and an
estimated $17,000 salvage value is installed in Luther Company’s
factory on January 1. The factory manager estimates the machine
will produce 490,000 units of product during its life. It actually
produces the following units: 123,200 in 1st year, 123,800 in 2nd
year, 120,400 in 3rd year, 132,600 in 4th year. The total number of
units produced by the end of year 4 exceeds the original
estimate—this difference was not predicted....
Problem 2: An equipment was acquired at the cost of $210.000has an estimated residual value of $24,000 and an estimated useful life of 10 years. It was placed into service on May 1st of the current fiscal year. Which end on December 31 1. Determine the depreciation for the current year and the following year using a. Straight-line method Year Depreciable Cost X Rate* (SL) Depreciation Expense Accumulated Depreciation Book* Value b. Double-Declining method Year Declining Balance Beginning Book Value...
A machine costing $213,000 with a four-year life and an
estimated $17,000 salvage value is installed in Luther Company’s
factory on January 1. The factory manager estimates the machine
will produce 490,000 units of product during its life. It actually
produces the following units: 123,400 in 1st year, 123,100 in 2nd
year, 120,000 in 3rd year, 133,500 in 4th year. The total number of
units produced by the end of year 4 exceeds the original
estimate—this difference was not predicted....
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...
A machine costing $212,800 with a four-year life and an estimated $16,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 492,000 units of product during its life. It actually produces the following units: 122,000 in 1st year, 124,300 in 2nd year, 119,700 in 3rd year, 136,000 in 4th year. The total number of units produced by the end of year 4 exceeds the original estimate—this difference was not predicted....
A machine costing $216,000 with a four year life and an estimated $20,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 490,000 units of product during its life. It actually produces the following units: 121.500 in 1st year, 123.300 in 2nd year. 121.400 in 3rd year, 133,800 in 4th year. The total number of units produced by the end of year 4 exceeds the original estimate-this difference was not...
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