Answer
A |
Cost |
$ 27,050.00 |
B |
Residual Value |
$ 2,900.00 |
C=A - B |
Depreciable base |
$ 24,150.00 |
D |
Life [in years] |
4 |
E=C/D |
Annual SLM depreciation |
$ 6,037.50 |
A |
Cost |
$ 27,050.00 |
B |
Accumulated Depreciation 2 years [6412.50 x 2 years] |
$ 12,075.00 |
C = A - B |
Book Value at point of revision |
$ 14,975.00 |
A |
Book Value at point of revision |
$ 14,975.00 |
B |
Revised salvage Value |
$ 2,450.00 |
C = A - B |
Remaining Depreciable cost |
$ 12,525.00 |
D |
Years of life remaining |
3 |
E = C/D |
Revised Annual Depreciation year 3-5 |
$ 4,175.00 |
Exercise 8-13 Revising depreciation LO C2 Apex Fitness Club uses straight-line depreciation for a machine costing $27,0...
Exercise 8-13 Revising depreciation LO C2 Apex Fitness Club uses straight-line depreciation for a machine costing $25,300, with an estimated four year life and a $2,150 salvage value. At the beginning of the third year, Apex determines that the machine has three more years of remaining useful life, after which it will have an estimated $1,700 salvage value. Required: 1. Compute the machine's book value at the end of its second year. 2. Compute the amount of depreciation for each...
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Apex Fitness Club uses straight-line depreciation for a machine costing $23,860, with an estimated four-year life and a $2,400 salvage value. At the beginning of the third year, Apex determines that the machine has three more years of remaining useful life, after which it will have an estimated $2,000 salvage value. Required: 1. Compute the machine's book value at the end of its second year. 2. Compute the amount of depreciation for each of the final three years given the...
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1 Value: 1.00 points Apex Fitness Club uses straight-line depreciation for a machine costing $25,250, with an estimated four year life and a $2,200 salvage value. At the beginning of the third year. Apex determines that the machine has three more years of remaining useful life, after which it will have an estimated $1.750 salvage value (1) Compute the machine's book value at the end of its second year. (Do not round your intermediate calculations.) Book Value at the End...
Apex Fitness Club uses straight-line depreciation for a machine costing $26,850, with an estimated four-year life and a $2,900 salvage value. At the beginning of the third year, Apex determines that the machine has three more years of remaining useful life, after which it will have an estimated $2,450 salvage value. Required: 1. Compute the machine’s book value at the end of its second year. 2. Compute the amount of depreciation for each of the final three years given the...