Homework Answers
| As per HOMEWORKLIB RULES we answer one question per post. Kindly post remaining questions in next post | |||||
| Life | 4 Years | ||||
| Double decling balance method rate = 25%*2 | 50% | ||||
| Double declining balance Depreciation | |||||
| Depreciation for the period | End of period | ||||
| Year | Beginning Year BV | Depreciation rate | Annual depreciation | Accumulated depreciation | Year end Book Value |
| 2015 | 158,000.00 | 50% | 79,000.00 | 79,000.00 | 79,000.00 |
| 2016 | 79,000.00 | 50% | 39,500.00 | 118,500.00 | 39,500.00 |
| 2017 | 39,500.00 | 50% | 12,500.00 | 131,000.00 | 27,000.00 |
| 2018 | 27,000.00 | 50% | |||
| 131,000.00 | |||||
| Note in Year 2017 total dep would be 39500*.50 = 19750 but maximum allowed would be 12,500 as salvage value is 27,000 | |||||
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value 1.00 points In early January 2015, New Tech purchases computer equipment for $158,000 to use in operating a...
N 1.00 points Tory Enterprises pays $240,000 for equipment that will last five years and have...
N 1.00 points Tory Enterprises pays $240,000 for equipment that will last five years and have a 544,700 salage valu By using the equipment in its operations for five years, the company expects to earn $80,000 annually ste deducting al expenses except depreciation (Round your answers to the nearest whole dollar) Calculate annual depreciation expenses using double-declining-balance method. Depreciation for the Period End of Period Beginning of Period Book Depreciation Annual Accumulated Rate Depreciation De Value Depreciation Depreciation Book Value...
In early January 2017, NewTech purchases computer equipment for $156,000 to use in operating activities for...
In early January 2017, NewTech purchases computer equipment for
$156,000 to use in operating activities for the next four years. It
estimates the equipment’s salvage value at $21,000.
Prepare a table showing depreciation and book value for each of the four years assuming straight-line depreciation. Straight-Line Depreciation Choose Numerator: Choose Denominator: Annual Depreciation Expense Depreciation expense Annual Depreciation Year-End Book Value Year 2017 2018 2019 2020 Total $ Prepare a table showing depreciation and book value for each of the...
Double-declining-balance depreciation In early January 2016, NewTech purchases computer equipment for $154,000 to use in operating...
Double-declining-balance depreciation
In early January 2016, NewTech purchases computer equipment for $154,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $25,000. Prepare a table showing depreciation and book value for each of the four years assuming double- declining-balance depreciation. Double-declining-balance depreciation Depreciation for the Period End of Period Accumulated Depreciation Depreciation Book Value Beginning-Year Depreciation Annual Year-End Year Book Value Rate 2016 2017 2018 2019 Total 50% 50% 50% 50%
1.00 points On April 1, 2014, Cyclone's Backhoe Co purchases a trencher for $270,000. The machine...
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
NewTech purchases computer equipment for $258,000 to use in operating activities for the next four years....
NewTech purchases computer equipment for $258,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $26,000. Exercise 8-7 Straight-line depreciation LO P1 Prepare a table showing depreciation and book value for each of the four years assuming straight-line depreciation Straight Line Depreciation Choose Numerator: Choose Denominator: Annual Depreciation Expense - Depreciation expense Year Annual Depreciation Year-End Book Value Year Year 2 Year 3 Year 4 Total NewTech purchases computer equipment for $258,000...
On April 1, 2016, Cyclone's Backhoe Co. purchases a trencher for $294,000. The machine is expected...
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...
in early january 2017 newtech purchases computer equipment for 256000 to use in operating activities for...
in early january 2017 newtech purchases computer equipment for 256000 to use in operating activities for the next four years it is estimated the equipment salvage value at 21000. prepare a table showing the book value for each of the four years assuming double-declining-balance of depreciation
Half of #12 are correct value: 1.00 points On April 1, 2014, Cyclone's Backhoe Co. purchases...
Half of #12 are correct
value: 1.00 points On April 1, 2014, Cyclone's Backhoe Co. purchases a trencher for $283,000. The machine is expected to last five years and have a salvage value of $37.000. Compute depreciation expense for both years ending December 2014 and 2015 assuming the company uses the double-declining-balance method. Double-declining-balance, partial-year depreciation Depreciation for the Period End of Period Beginning of Annual Period Period Book Deprec Depreciation Partial Depreciation Accumulated Rate Year Value Expense Book Value...
Required information Use the following information for the Exercises below. The following information applies to the...
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...
Use the following information for the Exercises below. [The following information applies to the questions displayed...
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...
N 1.00 points Tory Enterprises pays $240,000 for equipment that will last five years and have a 544,700 salage valu By using the equipment in its operations for five years, the company expects to earn $80,000 annually ste deducting al expenses except depreciation (Round your answers to the nearest whole dollar) Calculate annual depreciation expenses using double-declining-balance method. Depreciation for the Period End of Period Beginning of Period Book Depreciation Annual Accumulated Rate Depreciation De Value Depreciation Depreciation Book Value...
In early January 2017, NewTech purchases computer equipment for
$156,000 to use in operating activities for the next four years. It
estimates the equipment’s salvage value at $21,000.
Prepare a table showing depreciation and book value for each of the four years assuming straight-line depreciation. Straight-Line Depreciation Choose Numerator: Choose Denominator: Annual Depreciation Expense Depreciation expense Annual Depreciation Year-End Book Value Year 2017 2018 2019 2020 Total $ Prepare a table showing depreciation and book value for each of the...
Double-declining-balance depreciation
In early January 2016, NewTech purchases computer equipment for $154,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $25,000. Prepare a table showing depreciation and book value for each of the four years assuming double- declining-balance depreciation. Double-declining-balance depreciation Depreciation for the Period End of Period Accumulated Depreciation Depreciation Book Value Beginning-Year Depreciation Annual Year-End Year Book Value Rate 2016 2017 2018 2019 Total 50% 50% 50% 50%
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
NewTech purchases computer equipment for $258,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $26,000. Exercise 8-7 Straight-line depreciation LO P1 Prepare a table showing depreciation and book value for each of the four years assuming straight-line depreciation Straight Line Depreciation Choose Numerator: Choose Denominator: Annual Depreciation Expense - Depreciation expense Year Annual Depreciation Year-End Book Value Year Year 2 Year 3 Year 4 Total NewTech purchases computer equipment for $258,000...
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...
Half of #12 are correct
value: 1.00 points On April 1, 2014, Cyclone's Backhoe Co. purchases a trencher for $283,000. The machine is expected to last five years and have a salvage value of $37.000. Compute depreciation expense for both years ending December 2014 and 2015 assuming the company uses the double-declining-balance method. Double-declining-balance, partial-year depreciation Depreciation for the Period End of Period Beginning of Annual Period Period Book Deprec Depreciation Partial Depreciation Accumulated Rate Year Value Expense Book Value...
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...
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...
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