Depreciation rate = (Cost - Salvage value) /Useful life in hours
= (260,000 - 20,000)/12,000
= 20 per hour
Depreciation for second year = 20*4000
= 80,000
Option C is the answer
A machine with a cost of $260,000 has an estimated salvage value of $20,000 and an estimated useful life of 5 years or 1...
Fill in the blanks. $ Inputs: Machine Cost Estimated Salvage Value Estimated Useful Life in Years 50,000 5,000 $ Depreciation Rate Annual Depreciation Expense Accumulated Depreciation Year Carrying Value 50,000 30,000 18,000 10,800 40% 40% 40% 40% 40% $20,000 $12,000 $7,200 $20,000 32,000 39,200 b) Prepare a depreciation schedule for the following scenario if the company uses the 150% declin linnut b) Prepare a depreciation schedule for the following scenario if the company uses the 150% declining balance method. Inputs:...
A machine with a cost of $71,916.00 has an estimated residual value of $4,607.00 and an estimated life of 3 years or 15,449 hours. It is to be depreciated by the units-of-production method. What is the amount of depreciation for the second full year, during which the machine was used 4,145 hours? Select the correct answer. $18,059.15 $22,436.33 $19,295.22 $44,872.67 Equipment with a cost of $168,104.00 has an estimated residual value of $9,445.00 and an estimated life of 6 years...
A machine with a cost of $105 000 has an estimated residual value of $5 000 and an estimated life of eight years or 10 000 hours. It is to be depreciated by the units-of-activity method. What is the amount of depreciation for the second full year, during which the machine was used 6 000 hours? $60,000 $75,000 $16,000 $5,000
A machine with a cost of $198,000 has an estimated residual value of $18,000 and an estimated life of 3 years or 18,000 hours. It is to be depreciated by the units-of-activity method. What is the amount of depreciation for the second full year, during which the machine was used 6,700 hours? $6,700 $67,000 $80,400 $49,000
A machine with a cost of $140,000 has an estimated residual value of $14,000 and an estimated life of 3 years or 14,000 hours. It is to be depreciated by the units-of-activity method. What is the amount of depreciation for the second full year, during which the machine was used 5,800 hours? a.$52,200 b.$5,800 c.$38,200 d.$63,800
A machine with a cost of $120,000 has an estimated residual value of $15,000 and an estimated life of 3 years or 15,000 hours. It is to be depreciated by the units-of-activity method. What is the amount of depreciation for the second full year, during which the machine was used 6,200 hours? a. $55,800 b. $6,200 c. $43,400 d. $28,400
Equipment with a cost of $456000 has an estimated salvage value of $36000 and an estimated life of 4 years or 10000 hours. It is to be depreciated by the units-of-activity method. What is the amount of depreciation for the first full year, during which the equipment was used for 2200 hours? $92400. $114000. $110250. $105000.
Equipment with a cost of $400,000 has an estimated salvage value of $25,000 and an estimated life of 4 years or 15,000 hours. It is to be depreciated using the units-of-activity method. What is the amount of depreciation for the first full year, during which the equipment was used 3,300 hours? $100,000 $113,800 $82,500 $93,750
A machine with a cost of $64,845.00 has an estimated residual value of $4,663.00 and an estimated life of 7 years or 19,813 hours. It is to be depreciated by the units-of-production method. What is the amount of depreciation for the second full year, during which the machine was used 4,390 hours? Select the correct answer $13,334.63 $8,597.43 $14,367.82 $17.194.86 o pet se delete backspac
A machine with a cost of $61,232.00 has an estimated residual value of $4,251.00 and an estimated life of 6 years or 18,802 hours. It is to be depreciated by the units-of-output method. What is the amount of depreciation for the second full year, during which the machine was used 4,277 hours? Do not round your intermediate calculations. O$9,496.83 O$18,993.67 O $13,928.80 O$12,961.80