Homework Answers
Depreciation expense - SLM = (Cost - Salvage value) /Useful life
= (66,000 - 1,000) / 4 years
= 65,000 / 4 years
Depreciation expense - 2015 = 16,250
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i need it to be answered as soon as possible please On January 2, 2017, the...
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Required information Use the following information for the Quick Studies below. The following information applies to the questions displayed below. On January 2, 2018, the Matthews Band acquires sound equipment for concert performances at a cost of $69.000. The band estimates it will use this equipment for five years, during which time it anticipates performing about 200 concerts. It estimates that after four years it can sell the equipment for $2.000. During year 2018, the band performs 55 concerts. QS...
Use the following information for the Quick Studies below. [The following information applies to the questions...
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On January 1, the Matthews Band pays $65,600 for sound equipment. The band estimates it will...
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QS 8-4 Units-of-production depreciation LO P1 On January 2, 2015, the Matthews Band acquires sound equipment for concert performances at a cost of $67,000. The band estimates it will use this equipment for 5 years, during which time it anticipates performing about 200 concerts. It estimates that after five years it can sell the equipment for $2,000. During year 2015, the band performs 55 concerts. Compute the year 2015 depreciation using the units-of-production method Select formula for the depreciation rate...
On January 2, 2017, the Matthews Band acquires sound equipment for concert performances at a cost of $67,600. The band estimates it will use this equipment for four years, during which time it anticipates performing about 200 concerts. It estimates that after four years It can sell the equipment for $1.000. During year 2017, the band performs 45 concerts Compute the year 2017 depreciation using the straight-line method. Straight-Line Depreciation Choose Numerator Choose Denominator Annual Depreciation Expense Depreciation expense
Check my QS 10-3 Straight-line depreciation LO P1 On January 1, the Matthews Band pays $66.400 for sound equipment. The band estimates it will use this equipment for four years and perform 200 concerts. It estimates that after four years it can sell the equipment for $1.000. During the first year, the band performs 45 concerts Compute the first-year depreciation using the straight-line method Straight Line Depreciation Choose Numerator: Choose Denominator: Annual Depreciation Expense Depreciation expense
QS 10-5 Computing revised depreciation LO C2 On January 2, 2017, the Matthews Band acquires sound equipment for concert performances at a cost of $66,400. The band estimates it will use this equipment for four years. It estimates that after four years it can sell the equipment for $1,000. Matthews Band uses straight-line depreciation but realizes at the start of the second year that due to concert bookings beyond expectations, this equipment will last only a total of three years....
QS 10-4 Units-of-production depreciation LO P1 On January 1, the Matthews Band pays $65,800 for sound equipment. The band estimates it will use this equipment for four years and perform 200 concerts. It estimates that after four years it can sell the equipment for $2.000 During the first year the band performs 45 concerts. Compute the first-year depreciation using the units-of-production method. Select formula for the depreciation rate of Units of Production: Calculate the first year deprecilation expense Depreciation per...
i need it to be answered as soon as possible please
On January 2, 2017, the Matthews Band acquires sound equipment for concert performances at a cost of $68,400. The band estimates it will use this equipment for four years, during which time it anticipates performing about 200 concerts. It estimates that after four years it can sell the equipment for $1,000. During year 2017, the band performs 45 concerts Compute the year 2017 depreciation using the straight-line method. Straight-Line...
Required information Use the following information for the Quick Studies below. The following information applies to the questions displayed below. On January 2, 2018, the Matthews Band acquires sound equipment for concert performances at a cost of $69.000. The band estimates it will use this equipment for five years, during which time it anticipates performing about 200 concerts. It estimates that after four years it can sell the equipment for $2.000. During year 2018, the band performs 55 concerts. QS...
Use the following information for the Quick Studies below. [The following information applies to the questions displayed below.] On January 2, 2018, the Matthews Band acquires sound equipment for concert performances at a cost of $66,000. The band estimates it will use this equipment for four years, during which time it anticipates performing about 200 concerts. It estimates that after four years it can sell the equipment for $1,000. During year 2018, the band performs 45 concerts. QS 8-4 Units-of-production...
On January 1, the Matthews Band pays $65,600 for sound equipment. The band estimates it will use this equipment for five years and perform 200 concerts. It estimates that after five years it can sell the equipment for $2.000. During the first year, the band performs 45 concerts Compute the first-year depreciation using the straight-line method. Straight-Line Depreciation Choose Numerator: Choose Denominator: Annual Depreciation Expense Depreciation expense = Beginning book value Cost Cost minus salvage On January 1, the Matthews...
On January 1, the Matthews Band pays $69,000 for sound equipment. The band estimates it will use this equipment for five years and perform 200 concerts. It estimates that after five years it can sell the equipment for $2,000. During the first year, the band performs 55 concerts Compute the first-year depreciation using the units-of-production method. Select formula for the depreciation rate of Units of Production: Calculate the first year depreciation expense: Depreciation per concert Concerts in first year Depreciation...
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