Solution:
Particulars | Choose Numerator | / | Choose Denominator | = | Annual depreication |
Depreciable cost | / | Useful life | = | Annual depreication | |
$240,000.00 | / | 5 | = | $48,000.00 | |
Year | Annual depreciation | * | Fraction of year | = | Depreciaton Expense |
2016 | $48,000.00 | / | 0.75 | = | 36000.00 |
2017 | $48,000.00 | / | 1.00 | = | 48000.00 |
Tine Tollowing Information applies to the questions displayed below.) On April 1, 2016, Cyclone's Backhoe Co. purchases...
1.00 points On April 1, 2014, Cyclone's Backhoe Co purchases a trencher for $270,000. The machine is expected to last five years and have a salvage value of $27,000. Compute depreciation expense for both years ending December 2014 and 2015 assuming the company uses the straight-line method. Straight-line, partial-year depreciation Choose Numerator: Choose Denominator: Annual Depreciation = Annual depreciation Year Annual Depreciation Fraction of Year Depreciation Expense 2014 2015
Required information
Use the following information for the Exercises
below.
[The following information applies to the questions
displayed below.]
On April 1, 2016, Cyclone's Backhoe Co. purchases a trencher for
$312,000. The machine is expected to last five years and have a
salvage value of $56,000.
Exercise 10-11 Straight-line, partial-year depreciation
LO C2
Compute depreciation expense for both years ending December 2016
and 2017 assuming the company uses the straight-line method.
Choose Numerator: Choose Denominator: Annual Depreciation = Annual...
On April 1, 2016, Cyclone's Backhoe Co. purchases a trencher for $294,000. The machine is expected to last five years and have a salvage value of $47,000. Exercise 8-12 Double-declining-balance, partial-year depreciation LO C2 Compute depreciation expense for both years ending December 2016 and 2017 assuming the company uses the double-declining-balance method. (Enter all amounts positive values.) End of Period Depreciation for the Period Beginning of Depreciation Partial Depreciation Annual Period Period Book Value Rate Expense 2016 2017 Accumulated Depreciation...
Required information [The following information applies to the questions displayed below.) On April 1, Cyclone's Co. purchases a trencher for $282,000. The machine is expected to last five years and have a salvage value of $41,000. Compute depreciation expense at December 31 for the first and second year assuming the company uses the straight-line method. Choose Numerator: 1 Choose Denominator: Annual Depreciation Annual depreciation Year Annual Depreciation x Fraction of Year Depreciation Expense First year Second year
Required information (The following information applies to the questions displayed below.) On April 1, Cyclone's Co. purchases a trencher for $304,000. The machine is expected to last five years and have a salvage value of $52,000. Compute depreciation expense at December 31 for the first and second year assuming the company uses the straight-line method. Choose Numerator: Choose Denominator: Annual Depreciation Annual depreciation = = = - 5 Year Annual Depreciation X Fraction of Year Depreciation Expense First year 3/12...
Use the following information for the Exercises below. [The following information applies to the questions displayed below.) On April 1, 2016, Cyclone's Backhoe Co. purchases a trencher for $280,000. The machine is expected to last five years and have a salvage value of $40,000. Exercise 8-12 Double-declining-balance, partial-year depreciation LO C2 Compute depreciation expense for both years ending December 2016 and 2017 assuming the company uses the double-declining- balance method. (Enter all amounts positive values.) End of Period Depreciation for...
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.) On April 1, Cyclone's Co. purchases a trencher for $286,000. The machine is expected to last five years and have a salvage value of $43,000. Exercise 8-11 Straight-line, partial-year depreciation LO C2 Compute depreciation expense at December 31 for the first and second year assuming the company uses the straight-line method. Choose Numerator: Choose Denominator: = Annual Depreciation Annual depreciation 111...
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] On April 1, Cyclone's Co. purchases a trencher for $292,000. The machine is expected to last five years and have a salvage value of $46,000. Exercise 8-11 Straight-line, partial-year depreciation LO C2 Compute depreciation expense at December 31 for the first and second year assuming the company uses the straight-line method. Choose Numerator: / Choose Denominator: Annual Depreciation Annual depreciation Depreciation...
Required information Use the following information for the Exercises below. The following information applies to the questions displayed below) On April 1. Cyclone's Co. purchases a trencher for $320,000. The machine is expected to last five years and have a salvage value of $60,000 Exercise 10-11 Straight-line, partial-year depreciation LO C2 Compute depreciation expense at December 31 for the first and second year assuming the company uses the straight-line method. Choose Numerator: Choose Denominator: Annual Depreciation Annual depreciation Depreciation Year...
Chapter 08 Homework i Saved 00 L Required information [The following information applies to the questions displayed below.) Part 1 of 2 On April 1, 2017, Cyclone's Backhoe Co. purchases a trencher for $290,000. The machine is expected to last five years and have a salvage value of $45,000. points Compute depreciation expense for both years ending December 2017 and 2018 assuming the company uses the straight-line method. eBook Choose Numerator: 1 Choose Denominator: = = Annual Depreciation Annual depreciation...