Depreciation expense = (Cost - Salvage value)/Useful life
Depreciation expense = (84,000-8,400)/8 = 9,450 |
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Depreciation expense = (84,000-8,400)/8 * 4/12 = 3,150 |
Concord Company purchased machinery on January 1, 2020, for $84,000. The machinery is estimated to have a salvage value...
Flounder Company purchased machinery on January 1,2017,for $97,600. The machinery is estimated to have a salvage value of $9,760 after a useful life of 8 years. Compute 2017 depreciation expense using the straight-line method. Depreciation expense$ eTextbook and Media Compute 2017 depreciation expense using the straight-line method assuming the machinery was purchased on September 1,2017 Depreciation expense $
Bramble Company purchased machinery on January 1, 2020, for $91,200. The machinery is estimated to have a salvage value of $9,120 after a useful life of 8 years. Compute 2020 depreciation expense using the sum-of-the-years'-digits method. Depreciation expense $ LINK TO TEXT Compute 2020 depreciation expense using the sum-of-the-years'-digits method, assuming the machinery was purchased on April 1, 2020. (Round answer to 0 decimal places, e.g. 5,125.) Depreciation expense
Novak Company purchased machinery on January 1, 2017, for $97,600. The machinery is estimated to have a salvage value of $9,760 after a useful life of 8 years. Compute 2017 depreciation expense using the double-declining-balance method. Depreciation expense $ LINK TO TEXT Compute 2017 depreciation expense using the double-declining-balance method, assuming the machinery was purchased on October 1, 2017. (Round answer to 0 decimal places, e.g. 5,125.) Depreciation expense $ Click if you would like to Show Work for this...
Flounder Company purchased machinery on January 1, 2017, for $88,800. The machinery is estimated to have a salvage value of $8,880 after a useful life of 8 years. Compute 2017 depreciation expense using the straight-line method. Depreciation expense $ Compute 2017 depreciation expense using the straight-line method assuming the machinery was purchased on September 1, 2017. Depreciation expense $
Question 1 Kingbird Company purchased machinery on January 1, 2020, for $96,800. The machinery is estimated to have a salvage value of $9,680 after a useful life of 8 years. Compute 2020 depreciation expense using the sum-of-the-years'-digits method. Depreciation expenses LINK TO TEXT Compute 2020 depreciation expense using the sum-of-the-years-digits method, assuming the machinery was purchased on April 1, 2020. (Round answer to 0 decimal places, e.g. 5,125.) Depreciation expenses Click if you would like to Show Work for this...
Brief Exercise 11-2 Crane Company purchased machinery on January 1, 2017, for $97,600. The machinery is estimated to have a salvage value of $9,760 after a useful life of 8 years. Compute 2017 depreciation expense using the straight-line method. Depreciation expense $ LINK TO TEXT Compute 2017 depreciation expense using the straight-line method assuming the machinery was purchased on September 1, 2017. Depreciation expense $ Click if you would like to Show Work for this question: Open Show Work CALCULATOR...
3.Lockard Company purchased machinery on January 1, 2010 for 80,000. The machinery is estimated to have a salvage value of $8,000 after a useful life of 8 years. A) Compute 2010 depreciation expense using the straight-line method. B) Compute 2010 depreciation using method assuming the machinery was purchased on September 1,2010. 4.Use the information for Lockard Company given in 3. A) Compute 2010 depreciation expense using the sum-of the years ‘-digits method. B) Compute 2010 depreciation expense using the sum-of-the-years’-digits...
Brief Exercise 11-3 Oriole Company purchased machinery on January 1, 2017, for $90,400. The machinery is estimated to have a salvage value of $9,040 after a useful life of 8 years. Compute 2017 depreciation expense using the sum-of-the-years'-digits method. Depreciation expense $ LINK TO TEXT Compute 2017 depreciation expense using the sum-of-the-years'-digits method, assuming the machinery was purchased on April 1, 2017. (Round answer to 0 decimal places, e.g. 5,125.) Depreciation expense $ Click if you would like to Show...
unit 2 11-2 Sweet Company purchased machinery on January 1, 2017, for $96,800. The machinery is estimated to have a salvage value of $9,680 after a useful life of 8 years. Compute 2017 depreciation expense using the straight-line method. Depreciation expense $ Compute 2017 depreciation expense using the straight-line method assuming the machinery was purchased on September 1, 2017. Depreciation expense $
Teal Corporation purchased a truck at the beginning of 2017 for $54,500. The truck is estimated to have a salvage value of $2,180 and a useful life of 174,400 miles. It was driven 25,070 miles in 2017 and 33,790 miles in 2018. Compute depreciation expense for 2017 and 2018. eful Depreciation expense for 2017 Depreciation expense for 2018 Culver Company purchased machinery on January 1, 2017, for $87,200. The machinery is estimated to have a salvage value of $8,720 after...